237-249 Lorraine Ave Montclair Twp., NJ $10,250,000

237-249 Lorraine Ave | Montclair Twp.

$10,250,000 | 6 Baths (6 Half) | 16,342 Sq. Ft.

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 and 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. GSMLS 3696244

Directions to property: Valley to Lorraine - adjacent to train station and municipal parking lot

MLS Listing ID: 
GSMLS 3696244
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$10,250,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Montclair Twp.
Address: 
237-249 Lorraine Ave, Montclair Twp., NJ 07043-1409, U.S.A.
County: 
Essex
Latitude: 
40.8425920
Longitude: 
-74.2086290
Directions: 
Valley to Lorraine - adjacent to train station and municipal parking lot
Public Remarks: 
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 and 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.
Community Information
Subdivision: 
Upper Montclair
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
2018
Living Area: 
16,342
Basement: 
Full
Construction
Construction Materials: 
Metal Frame, Wood
Roof: 
Flat, Rubberized
Exterior: 
Brick/Block
Energy Information: 
All Underground
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
6
Total Half-Bathrooms: 
6
Utilities
Information about utilities available on the property.
Heating System: 
4 Units, Forced Hot Air
Heating System Fuel: 
Gas-Natural
Cooling System: 
4 Units, Central Air
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.75
Lot Size (Dimensions): 
32880SF
Waterfront: 
0
Lot Features
Driveway: 
Parking Lot-Exclusive
Parking Type: 
Parking Lot-Exclusive
Total Parking Spaces: 
60
Public Record
Parcel Number: 
1613-01810-0000-00002-0001-
Lot Number: 
2.01
Annual Tax: 
$85,833.00
Property Zoning: 
NC
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
3/8/2021
Contract Details
Details about the listing contract.
Possession: 
POT
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
C-21 CHRISTEL REALTY

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