2 Forest StreetMontclair, NJ 07042Price: $800,000

RARE OPPORTUNITY! One of the last undeveloped pieces of land in Downtown Montclair. Currently used as an overnight and day time parking lot, this property allows for passive income while planning your next development. Located in Montclair's C-3 Central Business Zone, this 6,054.84 sq/ft parcel is just off Bloomfield Ave, 0.2 miles from Lackawanna Plaza and 0.5 miles from Walnut Street with the Midtown Direct Train Station on the Montclair-Boonton Line. Per Zoning Code the maximum density is 40 units per acre, maximum building height is 37 feet with a maximum number of 3 stories. In the C3 Zone, permitted ground-floor uses include restaurants, retail sales, banks, art galleries, and educational play centers. Offices, gyms, and educational and institutional uses are permitted on upper floors. Apartments are permitted above the ground floor. Buyer is responsible for all due diligence, including zoning, permitted uses, lot requirements, utilities, and municipal approvals. The zoning summary above is general information from the Township code, not a determination of what may be built on this lot. Renderings are meant to conceptual representations and do not represent approved plans.