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32788878
32788855

213 Glenridge Avenue, Montclair, NJ 07042

PT
NJ 2299939
Real Broker LLC
Listed by Real Broker LLC
$200,000
16 days on market
Updated 16 days ago

213 Glenridge Avenue

Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 2,439
Cap Rate 18.24%
NOI $36,489
Occupancy 50%
Rent Bumps No
Pro-Forma Cap Rate 100%
Pro-Forma NOI $542,000
Price per SqFt $82
Year Built 1880
Lot Size (SqFt) 4,644
Zoning C3
Investment Type Owner/User
Ground Lease No

Montclair Child Learning Center for Sale

Marketing description

Rare opportunity to acquire a fully built-out child learning center in the heart of Montclair's historic district at 213 Glenridge Ave, Montclair, NJ.Located in one of Montclair's most desirable and walkable commercial areas, this business is surrounded by residential neighborhoods, restaurants, shops, professional offices, and commuter access. Montclair is known for its charm, culture, strong local economy, and vibrant downtown presence, making this a strong location for a childcare, learning, enrichment, or education-based business.The space is already built out for childcare use, giving a new owner a major head start without having to start from scratch. There is an existing student base in place, with significant upside through stronger marketing, increased enrollment, improved systems, and hands-on ownership.A new owner may also explore restructuring or repositioning the business for related uses such as daycare, preschool, tutoring, after-school programs, enrichment classes, children's therapy, professional offices, or other permitted uses subject to municipal approval.The value is in the location, infrastructure, existing foundation, and future upside. This is a strong opportunity to grow an established education-focused business in one of New Jersey's most desirable communities.

Investment highlights

  • Located in the historic Montclair district, surrounded by residential neighborhoods, shops, restaurants, professional offices, and commuter access.
  • The space is already configured for childcare/education use, saving a new owner significant time, build-out cost, and operational setup.
  • The business currently operates with an existing student base, giving a new owner a starting point rather than beginning from zero.
  • Current enrollment is approximately 18 students, with stated capacity for up to 44 students, creating meaningful revenue growth potential.
  • At the current estimated revenue per student, increasing enrollment could materially improve gross income and profitability.
  • A new operator may increase performance through stronger marketing, improved enrollment systems, staffing adjustments, expense control, and operational restructuring.
  • The location and layout may support related uses such as daycare, preschool, tutoring, after-school programs, enrichment classes, children’s services, professional offices, or other permitted uses subject to municipal approval.
  • The building has its own real estate value, while the business has separate value based on revenue, operations, goodwill, equipment, licensing, and growth potential.
  • Smaller commercial buildings in desirable Montclair locations are limited, making this a unique opportunity for an owner-user, operator, or investor.
  • An engaged owner-operator may be able to unlock additional upside by improving enrollment, controlling payroll, enhancing systems, and maximizing the existing capacity.

Listing Contacts

PT
NJ 2299939
Real Broker LLC
Listed by Real Broker LLC

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,489.00
$3,040.75/mo

Valuation Metrics

0
DSCR
18.24%
Cap Rate
18.24%
ROI

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Additional Information

Name
Peter Tlatelpa
License
2299939
Brokerage
Real Broker LLC
Title
Real Estate Broker
Brokerage Address
81 Lester Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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