Light Industrial Building with
103 Montgomery Ave Irvington, NJ 07111
103 Montgomery Ave, Irvington, NJ, 07111
$775,000
Pending
For Sale
$775,000
Pending
2200 sq ft building with high ceilings and storage.
Property Size2,200 SF
Lot Size0.14 Acres
Days on Market117
Property Features for 103 Montgomery Ave
General Information
- Standard status
- Pending
- Size
- 2,200 SF
- Lot size
- 0.14 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2002
Listing Agency
NJ Metro Group LLC
(973) 783-7400
Listed by
MARY RYDER
Source
Elliman
Added: Mar 24 Checked: Jul 17 at 3:30 am
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 NJ Metro Group LLC
Investment Insights
Based on property information with market context.
This 2200 square foot building features two separate units, each approximately 1,100 square feet. The structure includes 22-foot high ceilings and two 12-foot high bay doors. An additional feature is the exterior storage and parking space for approximately 10 cars under a canopy at the back of the property. Zoned for light industrial use, the building is currently utilized as a stone and granite storage and showroom. Potential uses include a workshop, mechanic shop, or owner-occupied space with expansion possibilities. The property is located near Newark Airport, the Garden State Parkway, and major highways. Seller willing to provide financing.
Key Highlights
- 2200 sq ft building with two separate units (approx. 1,100 sq ft each).
- Zoned for light industrial use.
- 22‑foot high ceilings and two 12‑foot high bay doors.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.3k | $26.04 |
| − Vacancy | −$3.4k | −$1.56 |
| EGI | $53.9k | $24.48 |
| − OpEx | −$18.8k | −$8.57 |
| NOI | $35.0k | $15.91 |
2,200 SF · lease $26.04/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$500.0K
$437.5K – $583.4K
NOI $35,003 @ 7.0% cap · market cap 4.52%
Second Best
Warehouse
$437.3K
$382.7K – $510.2K
NOI $30,612 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$574.5K
$502.7K – $670.2K
NOI $40,212 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Remarkable Cuisine LLC — 73 Clinton Pl, Newark, NJ 07108
- Flavor S&P American Eatery — 277 Hawthorne Ave, Newark, NJ 07112
- The Rush | Mobile Ice Cream, Coffee, and Dessert Shop — 113 Washington Ave, Irvington, NJ 07111
- urban hands — 584 S 10th St, Newark, NJ 07103
FAQs
What type of property is this?
Flex space - 2200 sq ft building with high ceilings and storage.
Where is this flex space located?
The property is located at 103 Montgomery Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 2200 sq ft building with two separate units (approx. 1,100 sq ft each).; Zoned for light industrial use.; 22‑foot high ceilings and two 12‑foot high bay doors.
