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MixedUse For Sale

381 Bloomfield Ave, Montclair Twp., Essex 07042-3570

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Property Description

Mixed use investment opportunity located in the heart of Montclair, New Jersey. The property consists of five total units, including a ground floor restaurant and four residential apartments, comprised of two three bedroom units and two one bedroom units, totaling approximately 5,500 square feet.The asset currently generates approximately $143,000 in gross income and approximately $85,000 in net operating income, providing stable in place cash flow. The residential component offers leasing flexibility with three of four units currently on a month to month basis, allowing for potential income growth over time.The retail space is occupied by a restaurant tenant with a lease in place through September 2028 and annual rent increases. Tenant contributes to utilities and certain operating expenses.Located along Bloomfield Avenue, one of Montclair?s primary retail corridors, the property is surrounded by restaurants, shops, and neighborhood amenities. The property is within walking distance to the Bay Street Train Station, providing direct access to New York City. Montclair is a well established market known for strong rental demand and limited supply. The ongoing redevelopment of Lackawanna Plaza is expected to further enhance the area with additional residential, retail, and grocery components.

Basic Details
Property Type:
MixedUse
Listing Type:
For Sale
Listing ID:
4025220
Price:
$2,200,000
Year Built:
1902
Lot Area:
0.07 Acre
Status:
Active
Office Name:
KELLER WILLIAMS - NJ METRO GROUP
Roof:
Flat
Features
Heating System:
1 Unit, Forced Hot Air
Cooling System:
Central Air, 1 Unit
Basement:
Walkout, Storage
Sewer:
Public Sewer
Utilities:
Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Montclair Twp.
Zipcode:
07042-3570
Street:
Bloomfield Ave
Street Number:
381
Longitude:
W75° 47' 4''
Latitude:
N40° 48' 45.3''
Directions:
Bloomfield Ave in Montclair near Bay St Train Station. Property located between Grove St and Park St.
Zoning:
C1
Additional Information
Lot Size Dimensions:
25X120
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
5
Building Size:
5500
Financial
Tax Annual Amount:
32709
Listing Information
List Agent Mls Id:
285362
List Office Mls Id:
4129
Mls Status:
Active
Modification Timestamp:
2026-05-04T16:54:46Z
Originating System Name:
gsmls
MixedUse For Sale
Listing ID:
4025220
Lot Area:
0.07 Acre
$2,200,000
Agent info
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