220 Bloomfield Ave, Montclair, NJ 07042

Description

Exceptional mixed-use opportunity in the heart of downtown Montclair! The first floor offers approximately 2,500 SF of retail space with a full basement, one bathroom, and direct access to the backyard. Currently rented on a month-to-month basis, the tenant is open to negotiating a new lease with the new owner, or the space can be delivered vacant, providing immediate flexibility for retail, restaurant, or service use. Estimated rental income for the retail space is approximately $5,000 per month. The property presents a strong cap rate of 7% or higher, with additional income potential from basement storage. A dedicated loading area with direct basement access further enh...