366 Main StWest Orange, NJ 07052

Property Details for 366 Main St

Year built

1940

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

3,058 SF

Zone code

B-2

Property type

Commercial real estate

APN

22 00113- 03-00014

APU

22001130300014

Description

This exceptional 2,835 square foot commercial building in West Orange, NJ, presents a unique investment opportunity. Completely renovated in 2023, this three-story property, built in 1940, offers four units ideal for a variety of professional uses, including creative, executive, and medical offices. The building is currently vacant and ready for immediate occupancy, allowing for customization to suit your specific needs. The property sits on a 0.16-acre lot and includes five parking spaces, offering both on-site and convenient street parking. Each unit features separate utilities, with two units boasting upgraded central HVAC systems. Unit sizes range from approximately 367 square feet to 831 square feet, with estimated rental income potential ranging from $800 to $2,400 per month. The property is zoned B2, permitting a wide range of uses including retail stores, personal service studios, office buildings, vocational schools, and restaurants and bars. Its prime location near shops, train stations, and major highways ensures excellent accessibility for tenants and clients. This is an exceptional opportunity to acquire a fully renovated, multi-tenant commercial building in a thriving New Jersey community. The asking price is $600,000, and the lease type is gross.

• Alternative Use

  Use

  Valuation

  Residential

  $578,693

  Hospitality

  $530,080

  Educational

  $441,020

  Medical

  $456,188

  Retail

  $686,031

Location Insight

City

West Orange

County

Essex

State

New Jersey

Latitude

40.7904

Longitude

-74.233

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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