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Industrial Building with Business Zoning
New
For Sale
$5,500,000

83 Walnut St, Montclair, NJ 07042

Existing industrial building with zoning that accommodates general business and light industrial activity.

Property Size26,000 SF
Price / SF$2,115
Days on Market3

Property Features for 83 Walnut St

General Information

Standard status Active
Size 26,000 SF
Property subtype Industrial
Zoning Light Industrial

Taxes and HOA fees

Annual Taxes $130,000

Building Details

Building Size 26,000 SF
Year Built 1925
Stories 1
Units 1
Listing Agency:
Listed By: JOSEPH BAGONIS · License #9701194
Source: Elliman
Added: Aug 8 Changed: Aug 9 Last Checked: Aug 9 at 7:37AM

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 JOSEPH BAGONIS

Investment Insights

Based on property information with market context.

This industrial building contains 2600 Sq ft and dates to 1925. Its zoning supports general business and light industry, providing a commercial framework for a range of industrial-oriented operations.

The property is located at 83 Walnut St in Montclair Township, New Jersey. WalkScore is 92, while bikeScore is 49, indicating strong walk access and moderate bike accessibility.

Key Highlights

  • 2600 Sq ft industrial building
  • Zoned for general business and light industry
  • Built in 1925

Property Analytics

Current Use

North West Essex ... Medical Clinic NW community Health ... Corporate Office

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Storage Facility Mobile Phone Store Fish Market Butcher

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

3,115
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 Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Industrial property - Existing industrial building with zoning that accommodates general business and light industrial activity.
Where is this industrial property located?
The property is located at 83 Walnut St Montclair, NJ.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 2600 Sq ft industrial building; Zoned for general business and light industry; Built in 1925
More about this property
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