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  • Price$2,950,000
  • SQ. Feet5,000
  • Built1897

39 S Willow St, Montclair Twp.

Adjacent to the new $135 million Montclair Redevelopment Project, The Willows Home is a 15-Unit facility catering primarily to retired military veterans. They provide rooming and three daily meals to tenants; No nursing care is provided. This is a three-story building above the ground-floor level. The first floor has a community family room, dining room, living room, kitchen, along with two tenant bedrooms, and three bathrooms. The ground floor has 5 bedrooms and 4 bathrooms, and the second floor has 8 bedrooms and 4 bathrooms. The third floor is designated for staffing and has an open family area and 4 bedrooms. At a 6.3 CAP this is a great investment opportunity. THIS PROPERTY CAN ALSO BE DEVELOPED AS NEW CONDOS WITH A MINIMUM OF SIX UNITS.

Essential Information

  • MLS® #3547598
  • Price$2,950,000
  • Property Tax$41,694
  • Square Footage5,000
  • Acres0.00
  • Year Built1897
  • TypeCommercial
  • StatusActive

Amenities

  • UtilitiesElectric, Gas-Natural
  • Parking Spaces20
  • ParkingBlacktop, Off-Street Parking

Exterior

  • ExteriorSee Remarks
  • RoofComposition Shingle

Listing Details

  • Listing OfficeCOLDWELL BANKER REALTORS

Community Information

  • Address39 S Willow St
  • CityMontclair Twp.
  • CountyEssex
  • StateNJ
  • Zip Code07042-3309

Interior

  • HeatingOil Tank Above Ground - Outside
  • Has BasementYes
  • BasementFinished
  • # of Stories3

Additional Information

  • Date ListedApril 8th, 2019
  • ZoningR-3
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Listing information last updated on September 23rd, 2019 at 2:33pm EDT.