$ 999,000
50 Park Ave East Orange City, NJ 07017
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$ 999,000
Est. payment | /mo
1,350 SqFt
$ 999,000
Est. payment | /mo
1,350 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,350 sqft
Price per Sqft $740
MLS Listing ID 3921366
Annual Tax Amount $8,784
Tax Year 2023
Lot Size 9,147 Sqft
Property Description
Located at the bustling intersection of Park Ave and N 16th in East Orange, this commercial property presents a lucrative opportunity for investors and developers alike. Comprising two adjacent lots at 50 Park Ave and 44 Park Ave (13400 sqft), this corner lot boasts high visibility and exposure, making it an ideal spot for a range of businesses. Currently operating as an automobile repair shop.Zoned as Commercial 4A, versatile usage options: retail, office space, service-oriented. Situated at a prominent intersection, the property benefits from heavy foot and vehicle traffic, ensuring maximum exposure for any business venture. Development Potential: In addition to its current use, the property holds significant development potential. With plans in progress to obtain a residential permit for a 20-unit building, investors have the opportunity to capitalize on the burgeoning demand for housing in the area. The corner lot configuration offers maximum visibility and accessibility, making it an attractive location for businesses seeking to establish a strong presence in the community. #Buyer is responsible for conducting their own due diligence about zoning & development. Don't miss out on this exceptional opportunity to invest in a prime commercial property.
Location
State NJ
County Essex
Zoning Commercial-4A
Interior
Cooling See Remarks
Equipment See Remarks
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Parking Type Additional Parking, Parking Lot-Exclusive
Building
Story 1
Water Public Water
Others
Ownership Fee Simple
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