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Patric Santo Pietro

[email protected] +1(732) 570-5442

$ 899,900

Est. payment -/mo

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220 Bloomfield Ave Montclair Twp., NJ 07042

3,572 SqFt

UPDATED:

Key Details

Property Type Store With Apartment

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,572 sqft

Price per Sqft $251

MLS Listing ID 4018433

Year Built 1945

Annual Tax Amount $19,250

Tax Year 2025

Property Sub-Type Mixed Use

Property Description

Exceptional mixed-use opportunity in the heart of downtown Montclair! The first floor offers approximately 2,500 SF of retail space with a full basement, one bathroom, and direct access to the backyard. Currently rented on a month-to-month basis, the tenant is open to negotiating a new lease with the new owner, or the space can be delivered vacant, providing immediate flexibility for retail, restaurant, or service use. Estimated rental income for the retail space is approximately $5,000 per month.The property presents a strong cap rate of 7% or higher, with additional income potential from basement storage. A dedicated loading area with direct basement access further enhances its functionality for a variety of business uses.The second floor features two one bedroom, one bath apartments, leased through the end of February 2027, generating $3,333 per month in rental income. Ideally located in a high-traffic area near shops, restaurants, and public transit, this property is well suited for investors or owner users seeking a versatile asset with stable income and long-term growth potential.

Location

State NJ

County Essex

Zoning Mix use

Rooms

Basement Full, Storage

Interior

Heating Gas-Natural

Cooling Wall A/C Unit(s), Window A/C(s)

Equipment Restrooms - Private, Smoke Detector

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block

Utilities Available All Underground, Electric, Gas-Natural

Roof Type Flat

Building

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by WEICHERT RLTRS RDG

NEARBY SCHOOL & BUSINESS

Patric Santo Pietro

Agent License ID: 1007170

+1(732) 570-5442

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Patric Santo Pietro

220 Bloomfield Ave Montclair Twp., NJ 07042

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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220 Bloomfield Ave