96 Park St Montclair, NJ 07042-2929
This exceptional investment opportunity presents a beautifully restored Grand Victorian professional office building situated on Park Street in the heart of Montclair, NJ. The property boasts a prime location, offering convenient proximity to the vibrant Bloomfield Avenue business district, Montclair High School, and the Walnut Street Train station. Public transportation is readily available with a bus stop directly in front of the building. Currently fully occupied with a stable mix of professional, medical, counseling, and therapy tenants, this building enjoys a long rental history and exceptionally low vacancy rates. The property offers significant flexibility for a buyer who may wish to occupy a portion of the space. This stately historic building, lovingly maintained by its long-term owner, retains impressive original details including a gorgeous front porch, gleaming hardwood floors, ornate stained-glass windows, and five ornamental fireplaces. Shared amenities include a convenient conference room and kitchenette. Ample parking is provided with 21 spaces available on the .43-acre lot. The building presents a rare opportunity to acquire a high-quality, income-producing asset in a highly desirable Montclair location. The substantial rental income stream, combined with the building's historical charm and prime location, makes this an attractive investment for discerning buyers. This is a unique chance to own a piece of Montclair's rich history while enjoying a strong return on investment. The asking price is $1,999,999.
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Lurie Law Firm LLC Law Firm
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Jennifer L Todd, LCSW, ACHT Psychotherapist Counselor
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Kelly Zanetich, PhD Physician Medical Clinic
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Silva Counseling Psychotherapist Marriage Or Relationship Counselor
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Epstein Practice Brokerage LLC Business Related
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OR3 · Montclair, NJMontclair. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.