278 Day StCity of Orange, NJ 07050

  • Other commercial real estate
  • 0.14 AC
For Lease

Property Details for 278 Day St

Year built
1916
Lot size
0.14 AC
Property type
Other commercial real estate
APN
17 01006-0000-00018
APU
1701006000000018

Description

This ±0.14-acre vacant commercial land parcel presents a unique opportunity for businesses seeking a strategic location in Orange, New Jersey. Situated at 278 North Day Street, this single-tenant property is zoned for commercial use and offers versatile possibilities. The lot's size is perfectly suited for various commercial applications, including but not limited to auto dealerships, car/bus/truck parking, outdoor storage, or equipment yards. The property is conveniently located in Essex County, within the City of Orange, offering easy access to major transportation routes and a thriving local market. The absence of existing structures allows for complete customization to meet specific business needs, maximizing efficiency and minimizing upfront renovation costs. This level lot provides ample space for development and offers significant potential for return on investment. The property's commercial zoning ensures flexibility in permitted uses, making it an attractive option for a wide range of businesses. Interested parties are encouraged to explore the possibilities this exceptional property offers. The address is 278 North Day Street, Orange, NJ 07050. The property is designated as a single-tenant site, providing a clear and straightforward ownership structure. Truck parking is available on-site. This is a rare opportunity to acquire a well-located commercial land parcel in a growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,182,934
    Hospitality
    $1,083,561
    Educational
    $901,510
    Medical
    $932,514
    Retail
    $1,402,349
278 Day St, City of Orange, New Jersey

Location Insight

City
Orange
County
Essex
State
New Jersey
Latitude
40.7791
Longitude
-74.2244
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
$3,227
$90,000
$3,100
$93,100
-
$90,000
$3,100
$93,100

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