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    248 Lorraine Ave Suite 9 Montclair, NJ 07043

    Sponsored
    For Sale
    Contact for pricing

    Prime Montclair location, 120 sq ft office, all utilities included.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 120-square-foot office space, located in Suite 9 of a landmark building in Upper Montclair Center, presents a fantastic opportunity for a small business or individual professional. Boasting a highly desirable location near Midtown Direct and NJ Transit bus routes, this property offers unparalleled convenience and accessibility. The monthly rent of $650 includes all utilities, significantly reducing operational costs. The space itself measures 10 feet by 12 feet, providing a comfortable and efficient workspace. Landlord responsibilities encompass sewer and snow removal, ensuring a hassle-free experience. Modern amenities such as internet and fiber optic capabilities are readily available. Tenant insurance is required. The building features an elevator for convenient access. For those requiring additional space, a second office on the third floor is also available for rent, presenting the possibility of expansion. The property is situated near two municipal parking lots, providing ample parking options for clients and employees. This is a truly exceptional opportunity in a highly sought-after location. The lot size is 0.13 acres.

    Property Features for 248 Lorraine Ave Suite 9

    General Information

    Property type
    Other commercial real estate
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1930
    Location Intelligence

    Current Use by Public Records

    Dr. Lauren Rogers-Sirin Psychotherapist Own The Room Business Development Service Albert Rodriguez,CPA Consultant Timothy K. Giordano, ... Attorney Tag Online, Inc. Website Designer

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montclair
    County
    Essex
    State
    New Jersey
    Longitude
    -74.20906
    Latitude
    40.84251

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Montclair location, 120 sq ft office, all utilities included.
    Where is this commercial real estate located?
    The property is located at 248 Lorraine Ave Suite 9 Montclair, NJ.
    What is the asking price?
    The asking price for this property is $650.
    (973) 746-1313
    Request Owner's contact information
    248 Lorraine Ave Suite 9 Montclair, NJ 07043
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    Montclair, NJ 07043
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    248 Lorraine Ave Suite 9 Montclair, NJ 07043
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