96 Park StMontclair, NJ 07042

This beautifully restored 1890 Grand Victorian-style office building at 96 Park Street in Montclair, New Jersey presents a unique investment opportunity. The property boasts 13 units across three stories, totaling 18,640 square feet on a .43-acre lot, and is fully occupied with a mix of stable professional, medical, counseling, and therapy tenants. The building features impressive original details, including a gorgeous front porch, gleaming wood floors, ornate stained-glass windows, and five ornamental fireplaces. Amenities include a shared conference room and kitchenette. With 21 parking spaces, this property offers significant convenience for tenants and owners alike. The building's prime location is close to the Bloomfield Avenue business district, Montclair High School, and the Walnut Street Train station, with bus service directly in front. The property offers a strong financial performance, with a Net Operating Income (NOI) of $150,500 and a 7.53% capitalization rate. The asking price is $1,999,999. The property is zoned OR3 and offers flexibility for an owner-user seeking to occupy space within the building. A long rental history and low vacancy rate demonstrate the property's stability and consistent income generation. This is a rare chance to acquire a landmark Montclair property with significant upside potential.