671 Park AveEast Orange, NJ 07017

  • Specialty properties
  • 3,500 SF
For Sale
$776,000 View listing

Property Details for 671 Park Ave

Year built
1914
Lot size
0.14 AC
Property size (Sq ft)
3,500 SF
Property type
Specialty properties
Property subtype
Day care centers & nurseries
APN
05 00801-0000-00024
APU
500801000000024

Description

This exceptional investment opportunity presents a turnkey, freestanding commercial property ideally suited for continued daycare operation or adaptable to other uses. Located at 671 Park Ave, East Orange, NJ 07017, this three-story, 4,357 square foot Class C building sits on a 0.14-acre lot with 48 feet of frontage on Park Avenue. Built in 1914, the property boasts a well-maintained masonry structure featuring multiple learning areas, private office space, a finished basement, and emergency egress on each level. A secure, fenced-in playground enhances the property's appeal. The property is zoned RO, permitting high-rise multifamily and high-rise office development, offering future flexibility. The asking price is $776,000, translating to $178.10 per square foot. This single-tenancy building offers immediate occupancy and significant potential for a savvy investor or owner-user. The property's convenient location provides easy access to public transportation. This is a rare opportunity to acquire a well-established daycare center in a desirable location. The property features ample above-grade space and exudes historic charm.

671 Park Ave, East Orange, New Jersey

Location Insight

City
East Orange
County
Essex
State
New Jersey
Latitude
40.7732
Longitude
-74.2196
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$21,699
$147,400
$599,300
$746,700
-
$147,400
$599,300
$746,700

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