• Broker John Wiley 9088123000

BANK OF AMERICA-MOUNTAINSIDE 855 Mountain Ave 7,440 SF Retail Building Mountainside, NJ 07092 $6,919,266 CAD ($930.01 CAD/SF)

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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
Bank
Building Size
7,440 SF
Building Class
C
Year Built
1960
Price
$6,919,266 CAD
Price Per SF
$930.01 CAD
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
274’ on Mountain Avenue

AMENITIES

  • 24 Hour Access
  • Air Conditioning
  • Smoke Detector

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1
  • 3,200 SF
  • Retail
  • -
  • Now
  • 2
  • 4,000 SF
  • Office
  • -
  • Now
Space Size Space Use Position Available
1 3,200 SF Retail - Now
2 4,000 SF Office - Now

1

Size
3,200 SF
Space Use
Retail
Position
-
Available
Now

2

Size
4,000 SF
Space Use
Office
Position
-
Available
Now

LINKS

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Mountain Avenue East - 8,951 2025 0.06 km
Mountain Ave Tanglewood Ln, N 13,030 2025 0.45 km
Mountain Avenue Tanglewood Ln, N 8,429 2025 0.45 km
Mountain Ave E Colonial Ave, NW 12,501 2025 0.46 km
New Providence Rd Dunn Pkwy, NW 10,227 2025 0.57 km
New Providence Road Dunn Pkwy, SE 3,490 2025 0.67 km
US Hwy 22 Constitution Plz, SW 66,314 2025 0.75 km
US Hwy 22 New Providence Rd, NE 64,678 2025 0.95 km
US 22 Walnut Ave, NE 63,886 2024 1.01 km
Mountain Ave E Kimball Ave, NW 10,380 2023 1.09 km

NEARBY MAJOR RETAILERS

Bank of America
Famous Dave's
The YMCA
Stop & Shop
Club Pilates
Chase

PROPERTY TAXES

Parcel Numbers 10-00013-0000-00006, 10-00013-0000-00007 Improvements Assessment $1,657,477 CAD
Land Assessment $1,027,199 CAD Total Assessment $2,684,676 CAD

MAP

ADDITIONAL PHOTOS

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