168 Maplewood Ave Maplewood, NJ 07040-2582

This exceptional mixed-use property at 168 Maplewood Avenue in Maplewood, New Jersey, presents a compelling investment opportunity. The 5,003 square foot building sits on an 8,409 square foot lot and is zoned RB - Retail Business. The property features six units, currently at 100% occupancy, comprising three one-bedroom, one-bathroom apartments situated above a ground floor commercial space currently occupied by a retail store, gym, and restaurant. The asking price is $2,000,000, translating to $399.76 per square foot and $333,333.33 per unit. The building is a two-story structure offering significant value-add potential due to below-market rents and month-to-month retail leases. Its prime location in downtown Maplewood offers unparalleled convenience, being a mere two-minute walk from the train station providing direct access to Manhattan. This unique opportunity in Maplewood Village combines residential and commercial income streams in a highly desirable area. The property's strong occupancy rate and redevelopment potential make it an attractive investment for discerning buyers seeking a blend of immediate income and long-term growth.