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Property profile & analytics

623 Old W Mt Pleasant Ave Livingston, NJ 07039

  • Commercial real estate
  • 1,623 SF
  • 0.36 lot acres
OFF-MARKET
Value Estimations
$530,000
Show details
Cap Rate Potential
4.5%
Commercial real estate
Location Intelligence
Property ID
US59-3060552
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 623 Old W Mt Pleasant Ave

Lot size
0.36 lot acres
Property size
1,623 SF
Zone code
B-1
Property type
Commercial real estate
APN
10 06001-0000-00007
APU
1006001000000007

Description

This exceptional 4,100 square foot retail space, located at 623 West Mount Pleasant Avenue in Essex County, presents a unique investment opportunity. Previously a bank, the property boasts substantial build quality, including ample power and a robust HVAC system. The high ceilings, reaching up to 18 feet in some areas, create a dramatic and versatile space ideal for a variety of retail or medical uses. The building's design offers significant flexibility for tenant build-out and customization. With abundant parking, exceeding 5 spaces per 1,000 square feet, customer and employee convenience is ensured. The single-tenant occupancy provides a streamlined and efficient operational environment. The property is currently vacant, offering immediate possession for a new tenant. This is a rare chance to acquire a well-constructed, spacious retail property in a desirable Essex County location. The ample parking and high ceilings make this space particularly attractive for businesses requiring significant square footage and convenient access. The property's former use as a bank speaks to its structural integrity and suitability for a range of commercial applications. Serious inquiries are encouraged to explore this exceptional opportunity further.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $500,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $375,000
    6.5%
    $345,000
    7%
    $320,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $519,000
    Market price range: $140k - $520k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Livingston
County
Essex
State
New Jersey
Longitude
-74.3569
Latitude
40.7985
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$23,038
$243,000
$744,500
$987,500
-
$243,000
$744,500
$987,500
More about this property
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