House Description

Exceptional opportunity to acquire a freestanding, approximately 10,000 SF medical and professional office building in the heart of Montclair, NJ. Set on a high-visibility stretch of Valley Road, this two-story brick and block landmark, delivers the location, parking, and flexibility that today's medical, professional, and investor buyers demand.This is a true income-plus-upside play. Flexible floor plans set this building apart. The first floor is configured as two separate suites, an established medical suite of approximately 2,100 SF and an adjacent suite of approximately 2,000 SF. The two adjacent suites can easily be combined into a single, contiguous ground-floor space of roughly 4,100 SF, giving an owner-user the option to occupy an entire floor or a landlord the flexibility to lease one large suite or maintain two separate income streams. The full second floor is a single, expansive suite of approximately 4,300 SF, ideal for a larger practice or professional group that wants a private, dedicated floor with its own entrance, signage, and identity. Solid and well maintained, high-demand corridor where parking is at a premium.Property is being sold in as is condition. Transfer Tax will be split between buyer and seller. The buyer is responsible for obtaining and payment of any required Compliance inspections or certifications through township required to transfer ownership of this property.

Highlights

Listed by LEONARD GINCHEREAU JR , MP KELLER WILLIAMS REALTY , 856-321-1212. Garden State MLS

Property Type

Commercial Sale

Year Built

1970

County

Essex

Listing ID

4036362

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Payment Breakdown

Principal Interest

$17,685

Taxes

$4,981

Home Price

$3,475,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$695,000

Down Payment

Down Payment %

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Monthly Price:

$17,685.00

Principal

Taxes

	Principal	Taxes	HOA	Total
Monthly	$17,685.00	$4,981.00	$0.00	$22,666.00
Yearly	$212,219.96	$59,772.00	$0.00	$271,991.96
Total	$6,366,598.78	$1,793,160.00	$0.00	$8,159,758.78