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Mixed-Use Building with Apartments
For Sale
$1,550,000

119 Watchung Ave #9999, Montclair, NJ 07043

Commercial zoning accommodates a ground-floor retail space alongside three separately accessed apartments.

Property SizeContact for details
Days on Market119

Property Features for 119 Watchung Ave #9999

General Information

Standard status Active
Property subtype Commercial
Zoning Commercial
Net Operating Income $71,949

Building Details

Year Built 1910
Buildings 1
Stories 3
Units 5
Listing Agency: Bhhs Fox & Roach
Listed By: Roman Drukarov · License #298368
Source: Arcadiarealtors
Added: Jul 9 Changed: Nov 2 Last Checked: Nov 3 at 12:27PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bhhs Fox & Roach

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property combines approximately 2,500 square feet of ground-floor retail with three apartments accessed from the rear. The retail space is occupied by Mr. Dino's Pizza; the business itself is not included in the sale. The building dates to 1910 and is zoned Commercial.

Two apartments each have one bedroom, a family room, an eat-in kitchen, and a bathroom. The third apartment has two bedrooms and a kitchen without a stove. The property is in downtown Watchung Plaza, steps from Watchung Ave Train Station.

Key Highlights

  • Approximately 2,500 square feet of retail space
  • Three apartments with rear access
  • Two one‑bedroom apartments, each with a family room, eat‑in kitchen, and bathroom

Property Analytics

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Current Use

Mr. Dino's Restaurant

Suggested Use

Top Pick Tech Support Center Grocery & Convenience Store Pharmacy Electrical Service Catering Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

744
Businesses Nearby

Demographics for 07043, NJ

14,219
Population
4,499
Households
3.2
Avg Household Size
36
Median Age
84%
College-Educated
99%
High-School Grad
2.5 sq mi
ZIP Area
5,688
Density / Sq Mi
$250,001
Median Household Income
$102,273
Median Earnings
$2,287
Median Rent
$948,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial zoning accommodates a ground-floor retail space alongside three separately accessed apartments.
Where is this mixed-use property located?
The property is located at 119 Watchung Ave #9999 Montclair, NJ.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Approximately 2,500 square feet of retail space; Three apartments with rear access; Two one‑bedroom apartments, each with a family room, eat‑in kitchen, and bathroom
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