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Property profile & analytics
OFF-MARKET
Commercial real estate

248 Lorraine Ave Suite 3 Montclair, NJ 07043

Built 1930
Property ID
Property summary
AI-generated overview

This exceptional office suite, located at 248 Lorraine Avenue, Suite 303, in the vibrant Upper Montclair Center, presents a fantastic opportunity for a small business or individual professional. The 120 square foot space is ideally situated near Midtown Direct and NJ Transit bus routes, ensuring convenient commuting for employees and clients. Rent of $650 per month includes all utilities, a significant advantage in today's market. The building features an elevator for easy access. Landlord responsibilities include sewer and snow removal, minimizing operational concerns for the tenant. Modern conveniences such as internet and fiber optic capabilities are readily available. Tenant insurance is required. This suite offers a cost-effective solution for businesses seeking a well-located, functional workspace. Note that a neighboring suite, MLS #3928955, is available for potential combination, expanding the usable space significantly. The property benefits from its proximity to two municipal parking lots, providing ample parking options for clients and staff. This is a truly remarkable opportunity in a landmark building within a thriving commercial center.

Property profile
Verified
Property type Commercial real estate
Year built 1930
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Lauren Rogers-Sirin Psychotherapist
  • Own The Room Business Service Center
  • Albert Rodriguez,CPA Consultant
  • Timothy K. Giordano, Esq. Law Firm
  • Tag Online, Inc. Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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