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    49 Central Ave East Orange, NJ 07018

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    For Sale
    $485,000

    Mixed-use building with retail and residential income potential.

    Property size:
    3,500 SF
    Lot size:
    0.06 Acres

    Property Features for 49 Central Ave

    General Information

    Size
    3,500 SF
    Lot size
    0.06 Acres

    Source: Lee & Associates | Elmwood Park Agent Tarang Ramani

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

    Overview

    East Orange Mixed-Use Building

    This mixed-use building is located in the heart of East Orange, New Jersey. The property features a storefront previously occupied by a long-term owner in the dry cleaning business, along with three bedrooms of multi-family space upstairs, offering additional income potential. The property is situated on a 0.06-acre lot. The building has 3,500 square feet of space. Located in close proximity to Newark, the Garden State Parkway, and Route 280, the property benefits from a high population density, with over 52,000 residents within a 1-mile radius and over 467,000 residents within a 3-mile radius. The location also benefits from a traffic volume of 16,939. There is the ability to add an additional 2 stories.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dikran Dry Cleaners ... Dry Cleaner

    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.

    Similar Places Nearby

    Rupp's Flowers, SSD Flowers, Maxine's Flowers, Benevolent

    Location Insight

    • Map
    • Local Demand
    City
    East Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2042792
    Latitude
    40.7510167

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    FAQs

    What type of property is this?
    Storefront property - Mixed-use building with retail and residential income potential.
    Where is this storefront property located?
    The property is located at 49 Central Ave East Orange, NJ.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Prime location in the heart of East Orange.; - High population density: 52,000+ residents in a 1-mile radius.; - High traffic volume: 16,939.
    (201) 359-0166
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    49 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
    49 Central Ave East Orange, NJ 07018
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