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101 Walnut St 3,327 SF Retail Building Montclair, NJ 07042 $2,095,542 CAD ($629.86 CAD/SF) 3.95% Cap Rate
Investment Highlights
- Expansive Building Footprint on a Single Story
- Oversized Lot w/Parking
- One Block from Train Station
- 3,327 SF Building
- 9,111 SF Lot Size
- Short Distance to Bloomfield Ave
Executive Summary
101 Walnut Street present a rare opportunity to investors and owner/users to acquire a large retail corner property with an oversized lot with parking in downtown Montclair, NJ.
Montclair Brewery is a long term tenant with a lease expiration of September 2027.
The property presents upside potential that can be realized through future lease negotiations or re-leasing of the space.
Inquire for additional details.
Montclair Brewery is a long term tenant with a lease expiration of September 2027.
The property presents upside potential that can be realized through future lease negotiations or re-leasing of the space.
Inquire for additional details.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,327 SF
Building Class
C
Year Built/Renovated
1939/2005
Price
$2,095,542 CAD
Price Per SF
$629.86 CAD
Cap Rate
3.95%
NOI
$82,716 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.13 AC
Zoning
C2 - General Business & Light Manufacturing
Parking
12 Spaces (3.61 Spaces per 1,000 SF Leased)
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-03203-0000-00019 | Improvements Assessment | $261,417 CAD |
| Land Assessment | $357,714 CAD | Total Assessment | $619,131 CAD |
Property Taxes
Parcel Number
13-03203-0000-00019
Land Assessment
$357,714 CAD
Improvements Assessment
$261,417 CAD
Total Assessment
$619,131 CAD
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101 Walnut St
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