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Therapist Coworking Office Asset
For Sale
Contact for pricing
Pending

49 Park St, Montclair, NJ 07042

Fully occupied office property with established tenant tenure and updated building systems.

Property SizeContact for details
Days on Market143

Property Features for 49 Park St

General Information

Standard status Pending
Property subtype Office
Occupancy 100%

Additional Details

Public Transit Yes
Listing Agency: RE/MAX Preferred
Listed By: Jim Walters · License #NJ 9806902
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 3:00PM

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 RE/MAX Preferred

Investment Insights

Based on property information with market context.

This coworking office property is fully occupied by therapist users, with most tenants maintaining occupancy for 5 or more years. The interior is in very good condition, while the exterior is in good condition. Utilities are new, with a gas steam boiler installed in 2017, a hot water heater from 2020, and five central AC compressors dating to 2017.

The property is located near Bloomfield Avenue and Downtown Center, with train access within walking distance and bus service to New York City. Its coworking configuration and established occupancy provide a clear operating profile for an office-focused buyer.

Key Highlights

  • Fully occupied therapist coworking office property
  • Most tenants have occupied the property for 5 or more years
  • Five central AC compressors installed in 2017

Property Analytics

Current Use

Alicja Krzych-Klauber, LCSW Foster Care Service Ditullio Linda Physician Andrew Todd Thomas ... Physician Farber Phoebe Counselor Beth Watchman, Ph.D. Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tech Support Center Florist Storage Facility Mobile Phone Store

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

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,921
Businesses Nearby

Demographics for 07042, NJ

27,384
Population
11,682
Households
2.3
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
7,206
Density / Sq Mi
$127,083
Median Household Income
$75,856
Median Earnings
$2,017
Median Rent
$733,100
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Coworking space - Fully occupied office property with established tenant tenure and updated building systems.
Where is this coworking space located?
The property is located at 49 Park St Montclair, NJ.
What are key features of this property?
This property features: Fully occupied therapist coworking office property; Most tenants have occupied the property for 5 or more years; Five central AC compressors installed in 2017
More about this property
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