18 S Orange Ave - Storefront Retail/Office FOR SALE


South Orange, NJ 07079
$5,500,000 USD
212-844-9238
18 S Orange Ave, South Orange, NJ for Sale
$5,500,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 5.48% Cap Rate

18 S Orange Ave
South Orange, NJ 07079


HIGHLIGHTS

  • Prime Downtown Location

OVERVIEW

Situated in the heart of downtown South Orange, 18 South Orange Ave presents a stabilized, 1031-friendly mixed-use investment opportunity—anchored by a reliable Chase Bank branch (recent 5yr extension), with diversified income from a thriving yoga studio and a dedicated office tenant in beautifully renovated spaces spanning portions of the 2nd and 3rd floors. The ground-floor bank has served uninterrupted since 2004 (originally WaMu), while the office tenancy dates back to 2005, demonstrating strong commitment to the property. Just steps from the South Orange NJ TRANSIT station, offering swift 35-minute rides to NYC Penn Station, this property thrives on robust commuter demand and exceptional downtown visibility, bolstered by an average daily traffic count of approximately 15,863 vehicles. South Orange boasts affluent, highly educated demographics (median household income ~$196K; 77.5% with bachelor’s degrees or higher), ensuring sustained tenant strength and leasing appeal. Predominantly NNN-leased, with owner responsibilities limited mainly to the exterior, the building delivers consistent, low-maintenance cash flow—perfect for exchange buyers pursuing secure, long-term returns in Essex County's premier suburban hub.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$549 USD /SF

CAP RATE

5.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bank

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

CBRZ

APN/PARCEL ID

19-01908-0000-00008

ASK ABOUT THIS PROPERTY

William GioielliSkytop PropertiesMore Info
212-844-9238

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William GioielliSkytop PropertiesMore Info
212-844-9238

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