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    237 Lorraine Ave

    Montclair Twp., NJ 07043
    • $8,250,000
    • STATUS: Active
    • ON SITE: 50 days
    • MLS #: 3719244
    UPDATED: 58 min ago
    $8,250,000
    • 0
      BEDS
    • 0.75
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,842
      SQFT
    • $596
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2018
    County:

    School Ratings & Info

    Description

    6.75% CAP! Constructed in 2018, this remarkable property is an investor's dream and features all of the requirements to make it a true Trophy Asset. Creative design, exceptional finishes & very strong tenancies, which include one of the top real estate brokerages in the state. Both the retail and offices spaces have multiple utility and HVAC zones, making subdivision, in the unlikely event of Tenant downsizing, an easy task. The underground 1200 Amp electric service will allow the property to sustain many different uses if ever needed as well. The property also offers a private lot with 60 parking spaces, as well as, the closest proximity to the train station and bus stops in town. This is a must-see for any investor on a 1031 Exchange! Winner of the 2019 Montclair HPC Bricks and Mortar Preservation Award.

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    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Halo Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Halo Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-07-31T14:47:02.917.
    www.ryandelauz.com/homes/118105010
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    237 Lorraine Ave Montclair Twp., NJ 07043

    • Price: $8,250,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 3719244
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.75
    Acres
    13,842
    SQFT
    $596
    $/SQFT
    2018
    Built
    Neighborhood:
    Upper Montclair
    County:
    Essex
    Area:
    Montclair Twp.
    Property Description
    6.75% CAP! Constructed in 2018, this remarkable property is an investor's dream and features all of the requirements to make it a true Trophy Asset. Creative design, exceptional finishes & very strong tenancies, which include one of the top real estate brokerages in the state. Both the retail and offices spaces have multiple utility and HVAC zones, making subdivision, in the unlikely event of Tenant downsizing, an easy task. The underground 1200 Amp electric service will allow the property to sustain many different uses if ever needed as well. The property also offers a private lot with 60 parking spaces, as well as, the closest proximity to the train station and bus stops in town. This is a must-see for any investor on a 1031 Exchange! Winner of the 2019 Montclair HPC Bricks and Mortar Preservation Award.
    Exterior Features

    Approximate Lot Size 32880SF Construction Metal Frame Exterior Description Brick/Block Location Business DistrictResidential Area Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Driveway-ExclusiveParking Lot-Exclusive Roof Description FlatRubberized

    Interior Features

    Basement Yes Basement Description Full Cooling 4+ UnitsCentral Air Equipment Available Floor DrainsHandicapped AccessKitchen AreaPassenger Elevator(S)Restrooms - PrivateRestrooms - PublicSign - BuildingSprinkler System Floors CarpetingTileWood Heating 4+ UnitsForced Hot Air Max Ceiling Height 10 Max Door Height 7 Number Of Lavatories 6 Office Sq Ft 11342

    Property Features

    For Sale Or Lease For Sale Fuel Type Gas-Natural Owner Pays See RemarksSewerSnow RemovalTrash RemovalWater Primary Property Type Offcretl Property Type Office/Retail Sale Includes Building & Land Sewer Public Sewer Suite Number 1 Tax Amount 85833 Tax Rate Amount 3.179 Tax Rate Year 2020 Tax Year 2020 Tenant Pays ElectricGasHeatHot Water Utilities All Underground Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning Nc

    Listing information © 2021 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of C-21 Christel Realty.


    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Halo Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Halo Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-07-31T14:47:02.917.
     
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    Halo Realty
    30 Knightsbridge Road, Suite 525
    Piscataway NJ, 08854