47 Park Ave, West Orange Twp., NJ 07052
47 Park Ave, West Orange Twp., NJ 07052
47 Park Ave, West Orange Twp., NJ 07052
47 Park Ave, West Orange Twp., NJ 07052
47 Park Ave, West Orange Twp., NJ 07052
47 Park Ave, West Orange Twp., NJ 07052
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$ 950,000
Est. payment | /mo

4,500 SqFt


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$ 950,000
Est. payment | /mo
Save

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

Garden State MLS(GSMLS)
Listed by BHG REALTY CONNECT

Nearby Locations

Kelly & Carl Robinson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(973) 500-3253

info@carellyrealty.com

549 Millburn Ave, Short Hills, NJ 07078-3330, USA

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47 Park Ave