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$ 950,000
Est. payment | /mo
4,500 SqFt
$ 950,000
Est. payment | /mo
4,500 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $211
MLS Listing ID 4052891
Year Built 1876
Annual Tax Amount $17,321
Tax Year 2025
Property Description
Welcome to this highly visible income-producing professional office building located at the corner of Park Ave and Main Street in the heart of West Orange. This remarkable location is home to a 3-story Victorian-style commercial building, featuring 8 separate office spaces, an unfinished basement and its own on-site parking lot. The property is currently fully occupied by an established tenant base. Month-to-month tenancy has intentionally been maintained to provide a purchaser with maximum flexibility, whether acquiring the property strictly as an investment or offering an owner-user the flexibility to occupy space while retaining existing income. Most existing tenants have expressed an interest in remaining and entering longer-term leases. Conveniently located near Route 280, the Garden State Parkway and public transportation offering easy access to NYC. Prime opportunity to own a professional building at such a prominent location with a current cap rate of 6.66%. Building and parking lot are being sold as-is. Buyer to perform their due diligence and verify accuracy of information.
Location
State NJ
County Essex
Zoning Commercial
Rooms
Basement Full, Unfinished
Interior
Heating Gas-Natural
Cooling Central Air, Window A/C(s)
Equipment Restrooms - Private
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum, Wood
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple

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Listed by BHG REALTY CONNECT
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