935 Orange AveEast Orange, NJ 07018

Property Details for 935 Orange Ave

Lot size

0.22 AC

Property size (Sq ft)

7,436 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

05 00460-0000-00001- 03

APU

50046000000000103

Description

This exceptional 0.45-acre commercial land parcel, located at 935 South Orange Avenue in East Orange, New Jersey, presents a unique investment opportunity. The property boasts a total land area of 6,651 square feet, offering significant potential for development or redevelopment. Situated in Essex County, this single-tenant site is ideally positioned for a variety of commercial uses, benefiting from its convenient location and accessibility. The property's zoning and permitted uses should be independently verified. The address is 935 S Orange Ave, East Orange, NJ 07018. This is a prime opportunity for businesses seeking a strategically located site in a thriving area. The property's size and location make it suitable for a range of commercial ventures. Prospective tenants or developers are encouraged to conduct their own due diligence to assess the suitability of the property for their specific needs and to confirm all details regarding zoning regulations and permitted uses. The property is available for lease. Further information regarding lease terms and conditions can be obtained upon request. The geographic coordinates are latitude 40.7463757 and longitude -74.2268061. This is a single-tenant property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,807,208

  6.5%

  $1,668,192

  7%

  $1,549,035

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,448,401

  Geo Method

  $2,448,401

• Alternative Use

  Use

  Valuation

  Residential

  $1,407,182

  Hospitality

  $1,288,971

  Educational

  $1,072,409

  Medical

  $1,109,291

  Retail

  $1,668,192

Location Insight

City

East Orange

County

Essex

State

New Jersey

Latitude

40.7464

Longitude

-74.2265

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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