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29368452
29405208

171 Maplewood Avenue, Maplewood, NJ 07040

CD
NJ 1111786
KW Commercial
Listed by KW Commercial
$2,250,000
137 days on market
Updated 0 days ago

171 Maplewood Avenue Mixed-Use Property | Maplewood Village

Details
APN 11-00012-04-00191-02
Property Type Mixed Use, Multifamily (+1)
Sub Type Storefront
Square Footage 4,736
Net Rentable (SqFt) 4,736
Units 4
Cap Rate 6.60%
Occupancy 100%
Tenancy Multi
Price per SqFt $475
Class B
Year Built 1921
Buildings 1
Stories 3
Acreage 0.040
Zoning RB
Investment Type Owner/User

171 Maplewood Avenue | Prime Mixed-Use Investment in the Heart of Maplewood, NJ

Marketing description

Welcome to 171 Maplewood Avenue, a rarely available mixed-use gem in one of New Jersey’s most desirable downtowns. Situated at the high-visibility corner of Maplewood Avenue and Highland Avenue, this well-maintained corner property offers a strong blend of stability, upside potential, and location.

This fully leased building features:

  • One ground-floor retail unit with excellent frontage and signage opportunity
    • Tenant in Year 2 of 5-Year Lease (with one 5-Year Option)

  • Three residential apartments above
    • Two 1BR/1BA units
    • One spacious 3BR/2BA unit
    • All units occupied by long-term tenants

Additional highlights include:

  • Private rear access and basement storage

  • Excellent foot traffic and exposure next to popular businesses

  • On-street and nearby municipal parking

  • Zoned in an area open to vertical expansion (potential to add an additional floor – subject to approvals)

Located in the affluent, walkable Maplewood Village, this is a thriving live-work-play environment that attracts steady foot traffic from both locals and visitors. Tenants and shoppers alike enjoy the rich mix of independent boutiques, cafes, and commuter access via NJ Transit.

This is an ideal opportunity for investors seeking stabilized income with future upside, or owner-users who want to secure their space for future occupancy when a residential lease expires.


Listing Contacts

CD
NJ 1111786
KW Commercial
Listed by KW Commercial

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Additional Information

Name
Cheryl Darmanin
License
1111786
Brokerage Phone
9737837400
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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