Income Producing Mixed Use Montclair,NJ 26 Orange Rd 4 620 pi² 66% Loué Commerce de détail Immeuble Montclair, NJ 07042 1 792 928 $ CAD (388,08 $ CAD/pi²) 6,32% Taux de capitalisation

Prime Mixed-Use Investment Opportunity in Montclair, NJ
Nestled just off the bustling Bloomfield Avenue, this exceptional mixed-use property offers a strategic location directly across from The MC Hotel, Montclair’s premier boutique accommodation. The MC Hotel serves as a cultural hub in the heart of Montclair’s thriving artistic community, attracting a steady stream of visitors and locals alike.
Property Highlights:
• Residential Income: Three fully renovated (3)residential apartments currently generate a robust monthly income of $6,500. Ground floor tenant just vacated which was paying $3500 per month. This property is perfect for an owner occupant to move into the commercial space on the ground floor and collect rent from the three residential apartments above. A new owner may also convert the bottom floor to residential space to live in or rent out (see below).
• Commercial Potential: The ground-floor commercial space, recently enhanced with comprehensive interior improvements, stands ready for occupancy or offers the potential for residential conversion, with APPROVALS secured for the next three years.
• Recent Upgrades: Significant capital improvements include a new roof installed in 2018 at a cost of $30,000 and a brand-new boilers added in 2025 for $17,000, ensuring reduced maintenance concerns for the foreseeable future.
• Total Investment: The owner has invested an additional $160,000 in upgrading the interiors and mechanical elements of all units for the residential units (3) and commercial space on the ground floor (office 2019)
This mixed use property is positioned in a highly desirable area, the property benefits from high foot traffic and proximity to local attractions, dining, and shopping venues. Its location across from The MC Hotel not only enhances its appeal but also promises sustained demand and potential appreciation. There is also a municipal parking lot directly across the street. This property represents a rare opportunity to acquire a versatile asset in one of Montclair’s most sought-after neighborhoods. Whether you’re an investor seeking steady income or looking to capitalize on the area’s growth, this offering is not to be missed.