259 Main St - Apartments FOR SALE
West Orange, NJ 07052 |
$2,500,000 USD
908-675-5703
259 Main St
West Orange, NJ 07052
HIGHLIGHTS
- Approved for redevelopment into a total of 15 residential units and 5 commercial units
- Excellent corner location in the heart of West Orange Main Street
- The property includes a large parking lot
- Existing tenants will remain in place through development
- Located with walking distance of NJ Transit bus stops. Easy access to NJ Transit train stations, the Garden State Parkway and Route 280.
OVERVIEW
***PRICE REDUCED***The property consists of 3 separate buildings: Two mixed-use buildings with 3 commercial units and 5 residential units, plus a 3-room hotel/rooming house. The rooming house is currently vacant and approved for redevelopment into 2,500 SF retail and 11 residential units. The property also includes a 4,500 SF parking lot.
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$165 USD /SF
# OF UNITS
23
PRICE/UNIT
$108,696
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
West Orange Redevelopment
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1891
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.1 AC
LAND SF
4,356 SF
ZONING
B-1
APN/PARCEL ID
22-00116-0000-00053
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908-675-5703
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908-675-5703
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