19 Prospect St - Loft/Creative Space FOR SALE
South Orange, NJ 07079 |
19 Prospect St
South Orange, NJ 07079
HIGHLIGHTS
- Value-add opportunity to acquire a mixed-use, partially occupied office and residential asset and lease out at market rates.
- Downtown Orange location off Route 510 with speedy access to Garden State Parkway, Interstate 280, and South Orange Train Station.
- There is ample area for opportunity as the property is approximately 18% occupied by two month-to-month tenants.
- Walkable downtown district features restaurants, specialty shops, and entertainment venues.
- Only a half-mile away from Seton Hall University with over 10,000 students and under 40 minutes via train to New York City.
- In a market with predominately renter-occupied households and high average household incomes in a 2-mile radius of $106,917.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Value-Add Former Daycare | SOMA
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Loft/Creative Space
TOTAL BUILDING SIZE
4444
STORIES
3
BUILDING CLASS
B
YEAR BUILT
1914
SPRINKLERS
-
PARKING SPACES
1
LAND DETAILS
LAND ACRES
0.09 AC AC
LAND SF
3,920 SF
ZONING
-
APN/PARCEL ID
19-02014-0000-00004
