Upper Montclair, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Upper Montclair, New Jersey Market population: 12K. Compare commercial properties across all major asset...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Upper Montclair NJ Properties: 0.5000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Upper Montclair NJ
Common questions from investors exploring commercial real estate in Upper Montclair NJ.
What's the overall investment potential of Upper Montclair, NJ?
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With a median household income of $166,620 and a low poverty rate of 2.8%, Upper Montclair presents a stable investment market, further reinforced by its high health insurance coverage of 98.3% and a relatively short average commute time of 41 minutes, indicating a strong and reliable tenant base.
How does the local economy impact real estate investment in Upper Montclair?
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The top industries in Upper Montclair, including Finance & Insurance, and Real Estate & Rental & Leasing, contribute to a robust local economy, which, combined with a high median property value of $656,300 and a significant employed population of 5,654, suggests a high demand for housing and potential for long-term appreciation in property value.
What role does ethnic diversity play in the investment landscape of Upper Montclair?
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The ethnic diversity, with White (45.2%) and White Non-Hispanic (43.1%) populations being predominant, alongside a notable Hispanic (3.4%) presence, and a foreign-born rate of 14.5%, indicates a culturally rich and potentially dynamic market, which can attract a wide range of tenants and buyers, thus supporting market stability and demand.
How do quality of life metrics influence the attractiveness of Upper Montclair for real estate investors?
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The average commute time of 41 minutes, although somewhat lengthy, is mitigated by the prevalence of commute methods such as working from home (12.1%) and public transit (8.5%), suggesting flexibility and infrastructure that can support a high quality of life for residents, which in turn can enhance property values and rental yields, especially considering the high health insurance rate of 98.3% that implies a stable and healthy population.
What insights can be gleaned from the socioeconomic indicators for investing in Upper Montclair's real estate?
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The Gini coefficient of 0.459, indicating a moderate level of income inequality, combined with a high median household income of $166,620 and a low poverty rate of 2.8%, suggests that Upper Montclair has a strong, albeit somewhat uneven, economic foundation, which, when considered alongside the high homeownership rate of 83.4% and median property taxes of $3,407, points to a market with both stability and potential for growth, making it an attractive location for real estate investment.
Upper Montclair NJ Real Estate & City Facts
Key facts and real estate information about Upper Montclair NJ.
What are some of the best neighborhoods to live in Upper Montclair?
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Some of the best neighborhoods to live in Upper Montclair include Upper Montclair, Montclair Center, and the South End. These neighborhoods offer a range of housing options, from historic homes to modern apartments, and are close to local amenities like parks, restaurants, and shops. For example, Upper Montclair has a charming downtown area with a variety of stores and eateries, while Montclair Center is home to the Wellmont Theater and several other cultural attractions. The South End, on the other hand, is a bit more laid-back, with a mix of older and newer homes, as well as some great restaurants and bars.
What are some fun things to do in Upper Montclair?
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There are plenty of fun things to do in Upper Montclair, including visiting the Wellmont Theater, exploring the shops and restaurants on Bloomfield Avenue, and checking out the local parks like Anderson Park and Brookdale Park. You could also take a stroll through the beautiful residential neighborhoods, like Upper Montclair and the South End, and admire the historic homes and gardens. If you're looking for something more low-key, you could grab a coffee or snack at one of the many cafes in the area, like the Corner or Meet me at Madison.
What is the food scene like in Upper Montclair?
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The food scene in Upper Montclair is really vibrant, with a wide range of restaurants serving everything from classic American comfort food to international cuisine. Some popular spots include Faubourg, a French bistro with a great brunch menu, and Brick Lane Curry House, which serves delicious Indian food. There are also plenty of great cafes and coffee shops, like the Corner and Turtle + The Wolf, which serve up tasty pastries and sandwiches. And if you're in the mood for something a bit more casual, you could try one of the many food trucks that park in the area, like the ones at the Upper Montclair Farmers' Market.
What are the pros and cons of living in Upper Montclair?
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One of the pros of living in Upper Montclair is the strong sense of community, with plenty of local events and activities to get involved in. The area is also very walkable, with plenty of shops, restaurants, and parks within easy walking distance. However, one of the cons is that it can be a bit pricey, with high property values and rents. Additionally, parking can be a challenge, especially during peak hours or when there are events in the area. But overall, Upper Montclair is a great place to live, with a unique blend of small-town charm and big-city amenities.
Is Upper Montclair a good place to live?
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Yes, Upper Montclair is a great place to live, with a lot to offer in terms of amenities, community, and quality of life. The area has a really strong sense of community, with plenty of local events and activities to get involved in, and the schools are highly rated. Additionally, the area is very walkable, with plenty of shops, restaurants, and parks within easy walking distance. Of course, like any place, it's not perfect - it can be a bit pricey, and parking can be a challenge. But overall, Upper Montclair is a wonderful place to call home, with a unique blend of small-town charm and big-city amenities.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Upper Montclair NJ Commercial Property: $166,620
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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