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$2,250,000
Est. payment /mo
4,736 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,736 sqft
Price per Sqft $475
MLS Listing ID 4007094
Year Built 1921
Annual Tax Amount $27,367
Tax Year 2024
Lot Size 1,742 Sqft
Property Sub-Type Mixed Use
Property Description
Prime mixed-use investment in the heart of Maplewood Village. Welcome to 171 Maplewood Avenue, a rarely available, fully leased corner property located at the highly visible intersection of Maplewood Avenue and Highland Avenue. This well-maintained building offers a strong blend of stability, upside potential, and location in one of New Jersey's most desirable downtowns.The property consists of one ground-floor commercial space with excellent frontage and signage opportunity, along with three residential apartments above, creating a diversified income-producing asset. The residential component includes two one-bedroom units and one three-bedroom unit, all occupied by long-term tenants.Additional highlights include private rear access, basement storage, excellent foot traffic and exposure alongside popular neighboring businesses, and on-street plus nearby municipal parking. Zoned in an area that allows for potential vertical expansion, subject to approvals.Situated in the affluent and walkable Maplewood Village, this thriving live-work-play environment attracts steady foot traffic from locals and visitors alike, with a strong mix of boutiques, cafes, and convenient NJ Transit access. An ideal opportunity for investors seeking stabilized income with future upside or owner-users planning for future occupancy.
Location
State NJ
County Essex
Zoning RB Retail Bus
Rooms
Basement Storage
Interior
Heating Gas-Natural
Cooling See Remarks
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type See Remarks
Building
Lot Description Corner
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by KELLER WILLIAMS - NJ METRO GROUP
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