Two-Story Mixed-Use
2376 MOUNTAIN AVE Unit N/A Scotch Plains, NJ 07076
2376 MOUNTAIN AVE Unit N/A, Scotch Plains, NJ, 07076
$1,200,000
For Sale
$1,200,000
Well-maintained two-story mixed-use building with separate front and rear entrances, plus basement storage and attic space.
Property Size5,000 SF
Price / SF$240
Days on Market37
Property Features for 2376 MOUNTAIN AVE Unit N/A
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Mixed Use
Listing agency
KELLER WILLIAMS REALTY
(917) 287-2672
Listed by
PETER CORBET THOMAS · License #1755278
(917) 287-2672
Source
Xome
Added: Jun 17 Updated: Jul 22 at 8:31PM Checked: Jul 23 at 3:37AM
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 KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
This well-maintained two-story mixed-use building offers flexible space with separate private front and rear entrances. The property includes versatile multi-room layouts designed for professional services, medical offices, and retail storefront use, along with ample basement storage and additional attic space.
The building also features two spacious 3-bedroom, 1-bath apartments, providing residential income alongside the commercial-ready configuration. With both front and rear access and additional storage space, the property supports a range of mixed-use operating styles for an owner-occupant or investor.
Overall, the asset is positioned as a versatile facility that combines storefront and office-ready rooms with two residential units, supported by dedicated storage capacity in the basement and attic.
The building also features two spacious 3-bedroom, 1-bath apartments, providing residential income alongside the commercial-ready configuration. With both front and rear access and additional storage space, the property supports a range of mixed-use operating styles for an owner-occupant or investor.
Overall, the asset is positioned as a versatile facility that combines storefront and office-ready rooms with two residential units, supported by dedicated storage capacity in the basement and attic.
Key Highlights
- Well‑maintained two‑story mixed‑use building with separate private front and rear entrances
- Zoned B‑2 mixed use, with versatile multi‑room space for professional services, medical offices, and retail storefronts
- Includes two 3‑bed, 1‑bath apartments plus guest facilities listed as 3
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 |
5,000 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.39M
NOI $83,681 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$1.10M
$961.1K – $1.28M
NOI $76,890 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ArtSpace 4U
Vocational School
Caffrey Marketing
Advertising Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Well-maintained two-story mixed-use building with separate front and rear entrances, plus basement storage and attic space.
Where is this mixed-use property located?
The property is located at 2376 MOUNTAIN AVE Unit N/A Scotch Plains, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Well‑maintained two‑story mixed‑use building with separate private front and rear entrances; Zoned B‑2 mixed use, with versatile multi‑room space for professional services, medical offices, and retail storefronts; Includes two 3‑bed, 1‑bath apartments plus guest facilities listed as 3
