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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

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.
More about this property
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