2376 Mountain Ave, Scotch Plains, NJ 07076
Commercial - Scotch Plains Twp., NJ
- Added:
- Jun 22, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 27 at 12:06 am
Property Features for 2376 Mountain Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-2 Mixed Use
- Rooms
- Basement
- Parking features
- Parking Lot
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14116
Utilities
- Cooling system
- Multi Units
Building Details
- Floors in Building
- 2
- Number of units
- 5
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent PETER CORBET THOMAS (908) 273-2991
Listing office KELLER WILLIAMS REALTY 488 SPRINGFIELD AVE, Summit, NJ (908) 273-2991
Listing date Jun 22, 2026
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑story mixed‑use building with separate private front and rear entrances
- Includes two 3‑bedroom, 1‑bath apartments
- Basement with ample storage plus additional attic space
- Mixed‑use space suited for professional services, medical offices, and retail storefronts
- Parking lot onsite
- Asphalt shingle roof; cooling listed as multi units
Overview
Located at 2376 Mountain Ave in Scotch Plains Township, Union County, the property is zoned B-2 Mixed Use, aligning with a range of mixed commercial and residential applications. The building’s layout supports the combination of street-facing commercial activity with residential units in the same structure.
For owner-users, this configuration can support maintaining professional, medical, or retail space while using the two apartments to help offset operating expenses. For investors or developers, the mix of commercial and residential space, combined with dedicated entrance access and additional storage areas, provides practical adaptability for re-tenanting or operating multiple income streams within one asset. Please note that exact unit and space availability, lease details, and measurement specifics should be verified as part of diligence.
Local Financial Insights For Multifamily LT 5
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 | $127.8k | $25.56 |
| − Vacancy | −$8.3k | −$1.65 |
| EGI | $119.5k | $23.91 |
| − OpEx | −$35.9k | −$7.17 |
| NOI | $83.7k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Scotch Plains
- County
- Union
- State
- New Jersey
- Longitude
- -74.38888
- Latitude
- 40.66215
