855-859 Mtn Ave 859, Mountainside, NJ 07092-2721
This exceptional redevelopment opportunity encompasses a unique combination of commercial and residential properties. The offering includes three distinct lots totaling 0.52 acres. Lot 1, a half-acre residential lot situated in Westfield's desirable Gardens section, enjoys a prime corner location at Mountain Avenue and Mountainview Drive. This presents a rare chance to build a home in a highly sought-after neighborhood. The adjacent Lots 2 and 3, located in downtown Mountainside, feature a prominent 12,000 square foot commercial building. This three-level structure boasts an elevator and handicap accessibility, making it adaptable to a variety of uses. The building is surrounded by ample parking and additional vacant land, offering significant potential for expansion or redevelopment. The commercial building's high visibility on Mountain Avenue in Mountainside makes it an ideal location for a wide range of businesses. This combined offering presents a truly unique investment opportunity, blending residential and commercial potential in two highly desirable locations. The scale and location of this property make it a rare find in the market.
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
Property description
Physical attributes from public recordsZoning & alternative use
B · Mountainside, NJMountainside. 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.