146 S Munn Ave - Health Care FOR SALE


East Orange, NJ 07018
$1,215,000 USD
917-696-0802
146 S Munn Ave, East Orange, NJ for Sale
$1,215,000 USD
Health Care - FOR SALE
1/15
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 value is in the land and redevelopment potential, not the current use. This is an opportunity to unlock residential density in a growing, transit-accessible submarket with increasing demand for well-located housing. The existing ±5,476 SF structure provides optionality, including potential interim use or holding income while development plans, entitlements, and financing are secured. 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 and value-add investors seeking a residential redevelopment play in Essex County. Buyer to independently verify zoning, density, permitted uses, and redevelopment potential.

FOR SALE DETAILS

PRICE

$1,215,000 USD

PRICE/SF

$224 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.