540 Central AveEast Orange, NJ 07018

Property Details for 540 Central Ave

Year built

1937

Lot size

0.48 AC

Property size (Sq ft)

14,330 SF

Property type

Other commercial real estate

APN

05 00700-0000-00049

APU

500700000000049

Description

This exceptional 15,202 square foot retail shopping center in East Orange, New Jersey, boasts a prime location on Central Avenue, experiencing over 18,000 vehicles daily. The property features six units, currently 87% occupied by strong national tenants including T-Mobile, Snipes, and Santander Bank (which also leases rear drive-thru space). All leases are NNN with built-in rent increases, generating a strong NOI of $320,829. Built in 1937, this one-story building sits on a 0.48-acre lot and includes 26 rear parking spaces. Recent improvements include a complete sprinkler system and new electrical work in 2013. An additional 2,000 square feet of office space with rear access is available for lease. The property benefits from excellent highway access via I-78, I-280, and the Garden State Parkway, serving a dense population of over 781,000 people within a 5-mile radius. Nearby national retailers include AutoZone, Dunkin' Donuts, KFC, Wells Fargo, Boston Market, McDonald's, Dollar Tree, and Popeye's. This is a rare opportunity to acquire a well-located, income-producing retail property in a thriving urban market.

Location Insight

City

East Orange

County

Essex

State

New Jersey

Latitude

40.7606

Longitude

-74.2225

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].