555 Northfield AveWest Orange, NJ 07052

Property Details for 555 Northfield Ave

Year built

1965

Construction

BRICK

Lot size

1.99 AC

Zone code

B-2

Property type

Commercial real estate

APN

22 00168-0000-00026

APU

2200168000000026

Description

This exceptional 2,000-square-foot retail space is available for lease in the vibrant West Orange, New Jersey market. Located at 555 Northfield Avenue, this single-tenant property offers a fantastic opportunity for businesses seeking a high-visibility location in Essex County. The entire 2,000 square feet is currently vacant, providing a blank canvas for your ideal retail concept. The property's convenient location offers easy access for customers and employees alike, with excellent visibility from Northfield Avenue. This presents a unique chance to establish a strong presence in a thriving community. The property is classified as commercial retail and is a single-tenant building, ensuring exclusive use and control of the space. The address is 555 Northfield Avenue, West Orange, NJ 07052. This prime location in Essex County offers significant potential for growth and success. The property's size and layout are ideal for a variety of retail businesses, making it a versatile option for prospective tenants. The building's condition and amenities will be detailed upon request. Serious inquiries are encouraged to explore this exceptional leasing opportunity. Contact us today to schedule a viewing and discuss your business needs. This is a rare opportunity to secure a prominent retail space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $16,282,400

  6.5%

  $15,029,900

  7%

  $13,956,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,354,100

  Geo Method

  $11,354,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $29,590,500

  Retail / Commercial

  $15,173,800

  Mixed-Use / Specialty

  $15,119,700

  Hospitality / Lodging

  $11,092,900

  Office

  $15,029,900

  Institutional / Educational

  $15,718,400

  Residential Income

  $18,390,600

  Multifamily

  $22,056,700

  Automotive / Energy

  $13,472,900

  Parking / Income-Based Land

  $4,649,350

  Restaurant / Food Service

  $7,863,900

  Healthcare / Senior Housing

  $15,505,000

Location Insight

City

West Orange

County

Essex

State

New Jersey

Latitude

40.7704

Longitude

-74.2801

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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