Address
237-249 Lorraine Ave Montclair Twp., NJ
Price
$ 10,250,000
Property Attributes
  • ID#3696244
  • TypeCommercial
  • CountyESSEX
  • CityMontclair Twp.
  • AreaMontclair Twp.
  • NeighborhoodUpper Montclair
  • Zip07043
  • StyleOffcRetl
  • Year Built2018
  • Taxes85833
  • Price$ 10,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms6
  • Sqr Footage16342
  • Lot Size0.75 Acres
Listing Provided Courtesy Of:
C-21 CHRISTEL REALTY
Data Source:
Garden State MLS
Property Description

Constructed in 2018, this remarkable property is an investor's dream and features all of the requirements to make it a true Trophy Asset. Creative design, exceptional finishes and strong tenancies, which include one of the top real estate brokerages in the state. Both the retail and offices spaces have multiple utility and HVAC zones, making subdivision, in the unlikely event of Tenant downsizing, an easy task. The underground 1200 Amp electric service will allow the property to sustain many different uses if ever needed as well. The property also offers a private lot with 60 parking spaces, as well as, the closest proximity to the train station and bus stops in town. This is a must-see for any investor on a 1031 Exchange! Winner of the 2019 Montclair HPC Bricks and Mortar Preservation Award.

Price History
3/8/2021 Listed $10,250,000

General Features

Basement Full
Construction Metal Frame, Wood
Cooling 4+ Units, Central Air
Drive Parking Lot-Exclusive
Flooring Carpeting, Concrete, Wood
Garage Spaces 60
Heating 4+ Units, Forced Hot Air
Number Of Amps 1200
Property Type OffcRetl
Property Type Office/Retail
Roof Flat, Rubberized
Sewer Public Sewer
Tax Annual Amount 85833
Total Units 2
Town # 1613
Township Montclair Twp.
Utilities All Underground
Zoning NC

Interior Features

Fuel Type Gas-Natural

Exterior Features

Building Area Total 16342
Exterior Description Brick/Block
Lot Dimensions 32880SF
Lot Features Level Lot
Max Ceiling Height 10
Max Door Height 7
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 07043

Price
AVG $640K
$10.25M
Taxes
AVG $61,429
$85,833
Visits
AVG 187
188
Year Built
AVG 1961
2018
Walkscore
AVG 83
86
Data Provided by Walkscore ® not using MLS data

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