For Sale
$750,000

506 Central AveCity of Orange, NJ 07050

5,000 sqft warehouse, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This single-story, 5,000-square-foot Class C warehouse in Orange, NJ, is available for sale at $750,000. Located at 506 Central Ave, Essex County, zip code 07050, this property sits on a 6,479-square-foot lot and offers 16-foot ceilings and one dock-high door. The building features a dedicated driveway, enhancing accessibility. Currently occupied by a month-to-month tenant using the space for furniture storage, this presents an immediate opportunity for owner-occupancy or a quick vacancy. The net rentable area is 6,479 square feet, generating a Net Operating Income (NOI) of $42,400. This represents a compelling investment opportunity, priced below market value, with a strong potential for return. The property is ideal for a variety of commercial uses and offers ample space and flexibility. The occupancy date is November 1, 2024. This is a rare opportunity in a high-demand area.

Highlights

  • 5,000 SF warehouse with 16-foot ceilings.
  • One dock-high door and dedicated driveway.
  • 6,479 SF lot.
  • Month-to-month tenant; ideal for owner-occupancy or quick vacancy.
  • $42,400 NOI; 5.68% cap rate at $750,000 list price.

Property Details for 506 Central Ave

Property type
Warehouses, Industrial properties
Square Feet
5,000 SF
Class
C
Buildings
1
Stories
1

Location Insight

City
City of Orange
County
Essex
State
New Jersey
Latitude
40.768834184778
Longitude
-74.241594840375
506 Central Ave, City of Orange, New Jersey

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506 Central Ave
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