511 Cary StOrange, NJ 07050

Property Details for 511 Cary St

Lot size

0.07 AC

Property type

Office properties

Property subtype

Office buildings

APN

17 03905-0000-00011

APU

1703905000000011

Description

This exceptional investment opportunity presents a unique property located at 511 Cary Street in Orange, New Jersey. Priced at $600,000, this property offers significant potential for a savvy investor. While the square footage is currently unavailable, the property's classification as "Other" suggests a versatile use case, potentially suitable for redevelopment, adaptive reuse, or a specialized purpose. The lot size is listed as zero acres, indicating a likely urban setting with limited land area. The property's address, 511 Cary Street, places it within the city of Orange, New Jersey, offering access to local amenities and infrastructure. Given the price point and the property's unique characteristics, this represents a compelling opportunity for those seeking a non-traditional investment in a dynamic New Jersey market. Further due diligence is recommended to fully assess the property's potential and suitability for specific investment strategies. The absence of square footage data underscores the need for a thorough on-site inspection to determine the property's precise dimensions and layout. This property is being offered as-is, and potential buyers should be prepared to conduct their own independent assessments of the property's condition and potential uses. The lack of detailed description necessitates a comprehensive investigation to uncover the full range of opportunities this unique property presents. Serious inquiries are encouraged to explore this promising investment prospect further.

• CAP approach

  CAP return

  Valuation

  6%

  $509,216

  6.5%

  $470,046

  7%

  $436,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $402,433

  Geo Method

  $402,433

• Alternative Use

  Use

  Valuation

  Residential

  $582,856

  Hospitality

  $533,893

  Educational

  $444,193

  Medical

  $459,470

  Retail

  $690,967

Location Insight

City

Orange

County

Essex

State

New Jersey

Latitude

40.7711

Longitude

-74.2397

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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