146 S Munn Ave - Health Care FOR SALE


East Orange, NJ 07018
$995,000 USD
917-696-0802
146 S Munn Ave, East Orange, NJ for Sale
$995,000 USD
Health Care - FOR SALE
1/28
null | Request Cap Rate

146 S Munn Ave
East Orange, NJ 07018


HIGHLIGHTS

  • • Licensed 33–34 Bed Facility with In-Place Income
  • • R-4 Zoning Allowing High-Density Multifamily
  • • Adaptive Reuse or Affordable Housing Opportunity

OVERVIEW

146 S. Munn Avenue presents a compelling residential redevelopment opportunity in East Orange’s R-4 Multifamily District, where zoning supports a range of higher-density residential uses. Situated on approximately 0.41 acres, the property offers developers the ability to reposition, expand, or redevelop the site for multifamily, affordable housing, supportive housing, or senior housing, subject to approvals. The primary value lies in the underlying land and redevelopment potential, making this an attractive opportunity to unlock residential density in a growing, transit-accessible submarket with increasing demand for well-located housing. At the same time, the existing ±5,476 SF structure provides meaningful optionality. The property can be delivered vacant and, with updates and capital investment, may support continued use by a healthcare or residential care operator, or serve as an interim use while development plans, entitlements, and financing are secured. This dual-path positioning allows investors to control a redevelopment site while maintaining flexibility, reducing carrying risk during the planning phase. East Orange continues to attract multifamily investment, with recent sales and development activity supporting long-term residential fundamentals. This offering is well suited for developers, affordable housing groups, and value-add investors seeking a residential redevelopment play with interim use potential in Essex County. Buyer to independently verify zoning, density, permitted uses, and redevelopment potential.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Sterling Estates

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,894 SF

ZONING

R-4

APN/PARCEL ID

05-00215-0000-00005

ASK ABOUT THIS PROPERTY

Cheryl DarmaninKW CommercialMore Info
917-696-0802

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Cheryl DarmaninKW CommercialMore Info
917-696-0802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.