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    Property profile & analytics
    OFF-MARKET Estimated value $1,840,000
    Commercial real estate

    855-859 Mtn Ave 859, Mountainside, NJ 07092-2721

    0.56 ac lot
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US59-1603230
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Construction BRICK
    Lot 0.56 ac (24,568 SF)
    Zoning code B
    APN 10 00013-0000-00007
    UPID US59-1603230
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.21M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.84M
    Owner & transaction history
    855 MOUNTAIN AVE LLC · 6 yrs held
    855 MOUNTAIN AVE LLC
    since 2020
    Last sale
    $1.5M
    1 recorded transaction
    2020
    $1.5M
    Zoning & alternative use
    B · Mountainside, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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