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BANK OF AMERICA-MOUNTAINSIDE 855 Mountain Ave 8,000 SF 10% Leased Retail Building Mountainside, NJ 07092 $4,999,000 ($624.88/SF)
INVESTMENT HIGHLIGHTS
- RESIDENTIAL AND COMMERCIAL DEVELOPMENT PROJECT
EXECUTIVE SUMMARY
Redevelopment project consists of 3 very large lots. The southernmost lot is a residential piece of land that is a 1/2 acre in The Gardens of Westfield. The Gardens is a highly sought after residential neighborhood in Westfield. The middle and northernmost lots consists of a very large parking lot and a 12,000 square foot commercial building that was formerly the Bank of America. This is a very rare opportunity to build a residential home in one of Westfield's most desirable sections and redevelop the most visible property in Downtown Mountainside.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built
1960
Price
$4,999,000
Price Per SF
$624.88
Percent Leased
10%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.15
Lot Size
1.24 AC
Zoning
B & RS-12 - 0.5 ACRE RESIDENTIAL LOT IN THE GARDENS OF WESTFIELD.
2 COMMERCIAL LOTS IN MOUNTAINSIDE CONSISTING OF A 12,000 COMMERCIAL BUILDING
Parking
53 Spaces (7.12 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1
- 3,200 SF
- Retail
- -
- Now
- 2
- 4,000 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1 | 3,200 SF | Retail | - | Now |
| 2 | 4,000 SF | Office | - | Now |
1
| Size |
| 3,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2
| Size |
| 4,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-00013-0000-00007 | Improvements Assessment | $1,151,600 |
| Land Assessment | $501,600 | Total Assessment | $1,653,200 |
PROPERTY TAXES
Parcel Number
10-00013-0000-00007
Land Assessment
$501,600
Improvements Assessment
$1,151,600
Total Assessment
$1,653,200
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BANK OF AMERICA-MOUNTAINSIDE | 855 Mountain Ave
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