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    101 2Nd St South Orange, NJ 07079

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    For Sale
    $1,350,000

    Mixed-use building with renovated apartments and office storefronts near NYC transit.

    Property Features for 101 2Nd St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1900

    Source: WEICHERT REALTORS Agent DONNA LERNER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Orange Mixed-Use Corner Gem

    This mixed-use building is located in the heart of South Orange Village, steps from the South Orange train station with NYC Midtown Direct lines to NY Penn Station, shopping, restaurants, and coffee shops. The property features 4 fully leased residential units, renovated to the studs in 2016 with new plumbing, electrical, and mechanical systems. These apartments offer natural light, solid hardwood floors, cherry kitchen cabinets, stainless steel appliances, thermal windows, and central air. Below the apartments are 3 office storefronts, renovated in 2024. Each office includes a private half bath and a ductless split system. The offices are vacant and turnkey. The property is ideal for investors seeking rental income with office upside, or owner-users ready to establish a business in a vibrant, walkable downtown. The property is zoned for productivity and is located in a neighborhood where amenities are easily accessible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2585073
    Latitude
    40.7435887

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with renovated apartments and office storefronts near NYC transit.
    Where is this mixed-use property located?
    The property is located at 101 2Nd St South Orange, NJ.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Prime location: Steps to South Orange train station with direct access to NYC Midtown, plus immediate access to shopping, restaurants, and coffee shops.; - Fully leased residential units: Four stable, fully leased apartments renovated to the studs in 2016 with new plumbing, electrical, and mechanical systems.; - Newly renovated office storefronts: Three sleek, turnkey office spaces renovated in 2024, each with a private ½ bath and ductless split system.
    Request Owner's contact information
    101 2Nd St South Orange, NJ 07079
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    101 2Nd St
    South Orange, NJ 07079
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 2Nd St South Orange, NJ 07079
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