49 Central AveEast Orange, NJ 07018

Property Details for 49 Central Ave

Year built

1930

Lot size

0.06 AC

Property size (Sq ft)

3,846 SF

Zone code

RO

Property type

Commercial real estate

APN

05 00011-0000-00010

APU

500011000000010

Description

This exceptional 3,500 square foot storefront property at 49 Central Ave, East Orange, NJ, presents a lucrative investment opportunity. Currently occupied by a long-term dry cleaning business, the property generates consistent income. The building also features a three-bedroom multi-family residential unit upstairs, providing additional rental revenue streams. Situated on a 0.06-acre lot, this mixed-use property offers significant upside potential. The building's zoning allows for the addition of two more stories, significantly increasing its square footage and rental income. Located in the heart of East Orange, this property benefits from high traffic volume (16,939 vehicles daily) and a dense population base (over 52,000 residents within a one-mile radius and over 467,000 within three miles). Its convenient location near Newark, the Garden State Parkway, and Route 280 ensures excellent accessibility. The asking price is $480,000, representing a price per square foot of $137.14. This is a rare chance to acquire a well-established, income-producing property with substantial expansion possibilities in a thriving New Jersey market. Don't miss this opportunity to capitalize on the strong rental demand and strategic location. The property is zoned for mixed-use development and offers a unique blend of retail and residential income streams.

• Alternative Use

  Use

  Valuation

  Residential

  $727,814

  Hospitality

  $666,673

  Educational

  $554,664

  Medical

  $573,740

  Retail

  $862,811

Location Insight

City

East Orange

County

Essex

State

New Jersey

Latitude

40.7509

Longitude

-74.2043

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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