197 Park Ave - Industrial FOR SALE


Orange, NJ 07050
$3,325,000 USD
908-242-7063
197 Park Ave, Orange, NJ for Sale
$3,325,000 USD
Industrial - FOR SALE
1/10
null | 9.16% Cap Rate

197 Park Ave
Orange, NJ 07050


HIGHLIGHTS

  • Large Industrial Lot/ Commercial Parking
  • Development/Value-Add Opportunity
  • Multiple Income Producing Avenues

OVERVIEW

Highly flexible industrial property featuring 25 garages, a mechanic shop, and a 2-family residence. The site offers multiple avenues for investors, owner-users, and developers seeking both immediate use and long-term upside. The property currently includes multiple opportunities for income generation through garage rentals, automotive use, contractor storage, fleet parking, or residential tenancy. The unique layout and mixed-use characteristics create a variety of commercial and residential applications. Proximity to Newark Airport, Port Newark, Port Elizabeth, Route 280, & GSP. In addition to the current use, the property offers strong redevelopment potential for medium-density residential projects, including multifamily housing, garden apartments, or townhome development.

FOR SALE DETAILS

PRICE

$3,325,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

9.16%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Orange Industrial Park

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Auto Dealership, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

85

LAND DETAILS

LAND ACRES

0.82

LAND SF

35,719

ZONING

MX2

APN/PARCEL ID

17-00903-0000-00016

ASK ABOUT THIS PROPERTY

John BritoKW Commercial MTD Realty GroupMore Info
908-242-7063

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John BritoKW Commercial MTD Realty GroupMore Info
908-242-7063

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