225-233 Central Ave - Storefront FOR SALE


East Orange, NJ 07018
$1,420,888 USD
973-641-0027
225-233 Central Ave, East Orange, NJ for Sale
$1,420,888 USD
Storefront - FOR SALE
1/7
null | 7.61% Cap Rate

225-233 Central Ave
East Orange, NJ 07018


HIGHLIGHTS

  • Heavy traffic Area
  • New Construction
  • Upcoming neighborhood

OVERVIEW

Rare opportunity to acquire a new construction 6-storefront commercial property located on highly trafficked Central Avenue in the heart of East Orange. This prime retail asset offers excellent street visibility, strong vehicle counts, and consistent pedestrian traffic along one of the city’s main commercial corridors. Central Avenue is recognized as one of East Orange’s primary business avenues and a key retail corridor. The property features six individual storefronts(4 occupied, 2 vacant), providing diversified income potential with upside through lease-up and future rent growth. Occupied units with leases containing annual increases, creating a compelling blend of in-place cash flow and value-add potential. Strategically positioned near major transportation routes and within close proximity to NJ Transit rail service, offering convenient access to Newark, Hoboken, and New York City. Investment Highlights: Brand new construction commercial property 6 separate storefront retail units Prime Central Avenue location Heavy foot traffic + strong daily car traffic Excellent visibility and signage exposure Diversified multi-tenant income stream Value-add upside with remaining vacancies Ideal for investors or owner-users

FOR SALE DETAILS

PRICE

$1,420,888 USD

PRICE/SF

$568 USD /SF

CAP RATE

7.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,302 SF

ZONING

N/Av, E Orange City

APN/PARCEL ID

05-00216-0000-00027

ASK ABOUT THIS PROPERTY

Michael PetrakCorcoran Sawyer SmithMore Info
973-641-0027

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Michael PetrakCorcoran Sawyer SmithMore Info
973-641-0027

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