BANK OF AMERICA-MOUNTAINSIDE 855 Mountain Ave
7,440 SF Retail Building Mountainside, NJ 07092 $4,999,000 ($671.91/SF)
INVESTMENT HIGHLIGHTS
- RESIDENTIAL AND COMMERCIAL DEVELOPMENT PROJECT
EXECUTIVE SUMMARY
Redevelopment project consists of 3 very large lots. The southernmost lot is a residential piece of land that is a 1/2 acre in The Gardens of Westfield. The Gardens is a highly sought after residential neighborhood in Westfield. The middle and northernmost lots consists of a very large parking lot and a 12,000 square foot commercial building that was formerly the Bank of America. This is a very rare opportunity to build a residential home in one of Westfield's most desirable sections and redevelop the most visible property in Downtown Mountainside.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
7,440 SF
Building Class
C
Year Built
1960
Price
$4,999,000
Price Per SF
$671.91
Tenancy
Single
Building Height
2 Stories
Building FAR
0.14
Lot Size
1.24 AC
Zoning
B & RS-12 - 0.5 ACRE RESIDENTIAL LOT IN THE GARDENS OF WESTFIELD.
2 COMMERCIAL LOTS IN MOUNTAINSIDE CONSISTING OF A 12,000 COMMERCIAL BUILDING
Parking
53 Spaces (7.12 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,161,300 | |
| Land Assessment | $719,700 | Total Assessment | $1,881,000 |
