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    466 Central Ave East Orange, NJ 07018

    For Sale
    $3,425,000

    Fully occupied retail strip center in East Orange, New Jersey.

    Property size:
    9,305 SF
    Lot size:
    0.31 Acres

    Property Features for 466 Central Ave

    General Information

    Size
    9,305 SF
    Lot size
    0.31 Acres

    Source: Marcus & Millichap | New Jersey Agent Alan Cafiero

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

    Overview

    East Orange Retail Strip Center

    This 9,306 square foot strip center is 100% occupied and located on Central Avenue in East Orange, Essex County, New Jersey. The property is situated at the signalized intersection of Central Avenue and South Clinton Street, which experiences traffic counts exceeding 23,000 vehicles per day. The property has recently been renovated and operates on a 7% cap rate based on the current income. The leases are NNN, with most including scheduled rent increases. The tenant mix consists entirely of service and food-based retailers. Nearby national retailers include Wells Fargo, Dunkin', Autozone, KFC, Walgreens, Dollar Tree, TD Bank, and Sav-A-Lot. The surrounding area is a dense, urban infill with a population exceeding 58,000 within a one-mile radius.
    Insight Report Location Intelligence

    Current Use by Public Records

    Samy International Wireless Wholesaler Coin Cloud Bitcoin ... Atm Sakura Japan (East ... Japanese Restaurant BotanicaSamy Spiritist Center Triple Double Juice ... Juice Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.22001
    Latitude
    40.7585563

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    FAQs

    What type of property is this?
    Strip mall - Fully occupied retail strip center in East Orange, New Jersey.
    Where is this strip mall located?
    The property is located at 466 Central Ave East Orange, NJ.
    What is the asking price?
    The asking price for this property is $3,425,000.
    What are key features of this property?
    This property features: - 100% occupied 9,306 SF strip center.; - Get a 7% cap rate on in-place income.; - Located on highly trafficked Central Avenue with 23K+ vehicles/day.
    (201) 742-6118
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    466 Central Ave East Orange, NJ 07018
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    East Orange, NJ 07018
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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
    466 Central Ave East Orange, NJ 07018
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