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56 Park St
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56 Park St
10,895 SF 100% Leased Office Building Montclair, NJ 07042 $3,500,000 ($321/SF)
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EXECUTIVE SUMMARY
Queen Anne Victoria building built in 1880, renovated and expanded in 1986. A substantial renovation has been completed 2023. The upgrades are replacement and improvements to the turret windows, gutters, porch, pillars, and painting of the exterior. In 2022 new HVAC system and ductwork was installed. The property is an existing , three-story, single-tenant office building containing 10,895 SF. There are 42 parking spaces. Building has an elevator for 4 floors and is handicap accessible. The property is currently 100% leased until March 31, 2024, when the current tenant intends to move to a new location. Building has been owner occupied for many years.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Building Size
10,895 SF
Building Class
B
Year Built
1890
Price
$3,500,000
Price Per SF
$321
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,632 SF
Building FAR
0.31
Lot Size
0.81 AC
Zoning
OR-3
Parking
42 Spaces (3.85 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Bus Line
- Commuter Rail
- Fireplace
- Security System
- Signage
- Kitchen
- Basement
- High Ceilings
- Natural Light
- Secure Storage
- Hardwood Floors
- Yard
- Outdoor Seating
- Air Conditioning
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Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
Parcel Number | 13-02307-0000-00008 | Improvements Assessment | $1,573,700 |
Land Assessment | $937,700 | Total Assessment | $2,511,400 |
PROPERTY TAXES
Parcel Number
13-02307-0000-00008
Land Assessment
$937,700
Improvements Assessment
$1,573,700
Total Assessment
$2,511,400
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56 Park St
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