Commercial Real Estate for Sale at 163 Park St in Montclair Twp., NJ for $1,600,000

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163 Park St | Montclair Twp.

$1,600,000 | 5 Baths (5 Half) | 4,945 Sq. Ft.

Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. All units are currently being rented.Bring your architects and/or your contractors! GSMLS 3921110

Directions to property: Between Watchung and Chestnut

MLS Listing ID: 
GSMLS 3921110
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,600,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Montclair Twp.
Address: 
163 Park St, Montclair Twp., NJ 07042-3918, U.S.A.
County: 
Essex
Latitude: 
40.8254400
Longitude: 
-74.2099300
Directions: 
Between Watchung and Chestnut
Public Remarks: 
Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. All units are currently being rented.Bring your architects and/or your contractors!
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1887
Living Area: 
4,945
Basement: 
Full, Storage, Unfinished, Walkout
Construction
Construction Materials: 
See Remarks
Roof: 
Asphalt Shingle
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
5
Total Half-Bathrooms: 
5
Utilities
Information about utilities available on the property.
Heating System: 
1 Unit, Radiators - Steam
Heating System Fuel: 
Gas-Natural
Cooling System: 
No Cool
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.8
Lot Size (Dimensions): 
34950SF
Waterfront: 
0
Lot Features
Driveway: 
Blacktop, Off-Street Parking, See Remarks
Parking Type: 
Blacktop, Off-Street Parking, See Remarks
Public Record
Parcel Number: 
1613-02408-0000-00022-0000-
Lot Number: 
22
Annual Tax: 
$29,520.00
Property Zoning: 
R1
Contract Details
Details about the listing contract.
Possession: 
TBD
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
COMPASS NEW JERSEY LLC

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