$899,900
( )
 $4,831 est/mo Sourced by Back At You

220 Bloomfield Ave,Montclair Twp., NJ 07042

Montclair Twp., NJ 07042

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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 enhances its functionality for a variety of business uses.The second floor features two one bedroom, one bath apartments, leased through the end of February 2027, generating $3,333 per month in rental income. Ideally located in a high-traffic area near shops, restaurants, and public transit, this property is well suited for investors or owner users seeking a versatile asset with stable income and long-term growth potential.

Details

MLS #4018433
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1945
Days On Site191
Listing Provided ByWEICHERT RLTRS RDG | JIE CHAN CHEN

Features

BasementY
Story(s)2
Units3
ZoningMix use

Taxes

Property19250

Area Information

StateNJ
CountyEssex
CityMontclair Twp.
Zip Code07042
AreaEssex
Listing VS Median (in 07042)
Price:
$899,900
low | high
Med:
$4,625
100% of Average
On site:
191
low | high
Med:
25
100% of Average
Sourced by Back At You

Market Activity 07042

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Village Square Realtors

Village Square Realtors

 (973) 509-2222info@villagesquarerealtors.com
StateNJ
CountyEssex
CityMontclair Twp.
Zip Code07042
AreaEssex
Listing VS Median (in 07042)
Price:
$899,900
low | high
Med:
$4,625
100% of Average
On site:
191
low | high
Med:
25
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $674K - $1.124M
sqft: 0 - 0
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Listing Updated: October 6, 2026 at 10:31:45 AM PDT

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