57 Washington St - Office FOR SALE


East Orange, NJ 07017
$1,300,000 USD
908-338-0639
57 Washington St, East Orange, NJ for Sale
$1,300,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

57 Washington St
East Orange, NJ 07017


HIGHLIGHTS

  • At a very busy intersection in the mix of both residential and commercial properties
  • Within walking distance of downtown East Orange, train station, shopping, and buses
  • Historical masonry, exposed original wood beams and original wood trim throughout the property

OVERVIEW

Accessible by Public Transportation: The property is well-connected to public transit, with NJ Transit bus and train stations just minutes away. Ideal for businesses that rely on foot traffic or customers who rely on public transportation. Growing Neighborhood: Located in a community-oriented, residential neighborhood that is currently experiencing revitalization. This offers the opportunity for businesses to become a cornerstone of a growing area. It's an excellent spot for service-based businesses like cafes, small retail, or office space. Versatile Commercial Zoning: The property is zoned for commercial use, offering flexibility for a variety of business types, including retail, office, or light industrial. The zoning may also allow for mixed-use development, which could add value if you're considering expanding into residential units or combining business and living space. Potential for Growth: With ongoing community events such as farmers markets and parades, the neighborhood is becoming increasingly popular. This could lead to a growing demand for local businesses, offering excellent opportunities for long-term growth and customer retention. Competitive Rental Rates: Compared to neighboring cities like Newark and Montclair, East Orange offers competitive commercial rental rates, which could be attractive to startups and small businesses looking to minimize overhead costs. Prime Location with High Visibility: Situated on Washington Street.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$317 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

05-00804-0000-00009

ASK ABOUT THIS PROPERTY

John JohnsonExit Platinum RealtyMore Info
908-338-0639

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John JohnsonExit Platinum RealtyMore Info
908-338-0639

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