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    East Orange Retail Strip Center Title is generated by Realmo AI

    466 Central Ave, East Orange, NJ

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

    Type:RETAIL
    Property size:
    9,305 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $368/SF
    Added:
    Dec 20, 2024
    Days on Market:
    538
    Last Refresh:
    May 20 at 10:00 pm

    Property Features for 466 Central Ave

    General Information

    Standard status
    Active
    Size
    9,305 SF
    Lot size
    0.31 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Alan Cafiero

    Listing agent Alan Cafiero License #(S):NJ:0791092

    Listing office Marcus & Millichap | New Jersey

    Listing date Dec 20, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | New Jersey

    HighLights

    • 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.
    • NNN leases, most with scheduled rent increases.
    • Recently renovated property.
    • Dense, urban infill demographics with over 58K people in 1‑mile.

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Samy International Wireless Big Box & Wholesale Store Coin Cloud Bitcoin ... Atm Sakura Japan (East ... Restaurant BotanicaSamy Spiritual Center Triple Double Juice ... Specialty Food Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    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
    -74.22
    Latitude
    40.7586

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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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alan Cafiero
    Real Estate License ID: (S):NJ:0791092
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