East Orange Redevelopment
For Sale
$3,200,000
Pending
622 Central Ave, East Orange, NJ 07018
Two combined lots ideal for redevelopment in East Orange.
Property Size14,126 SF
Lot Size0.19 Acres
Days on Market553
Property Features for 622 Central Ave
General Information
Standard status
Pending
Size
14,126 SF
Lot size
0.19 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$52,787
Amenities
Flat Roof
Building Details
Year Built
1900
Listing Agency:
RE/MAX PROPERTIES PLUS
(201) 567-9191
Listed By:
MICHAEL KRAYN · License #SP9484598
Source:
Corcoran
Added: Mar 5, 2025
Changed: Aug 8
Last Checked: Jul 23 at 6:38AM
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 RE/MAX PROPERTIES PLUS
Investment Insights
Based on property information with market context.
This offering presents a redevelopment opportunity on a major thoroughfare in East Orange. The sale includes two lots, identified as 622-628 Central Ave and 630-34 Central Ave, specifically Block 712, Lots 2 and 2.03. These lots are being sold together, combining for a total area of 14,126 square feet. Lot 2 comprises 9,039 square feet, while Lot 2.03 accounts for 5,087 square feet. The property is located within a redevelopment zone and offers the potential to renovate the existing buildings or construct new ones. According to the Transit Village Area-Redevelopment Plan, the Central Ave. Commercial (CAC) zoning, specifically CAE/CAC, suggests an ideal redevelopment scenario to yield 32 residential units and 4 commercial units on the ground floor. The allowable building height is up to 5 stories or 65 feet.
Key Highlights
- Located in a redevelopment zone on a major thoroughfare in East Orange.
- Two lots being sold together totaling 14,126 S.F.
- Ideal for redevelopment to potentially yield 32 residential units and 4 ground floor commercial units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 07018, NJ
30,429
Population
13,107
Households
2.3
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
1.7 sq mi
ZIP Area
17,899
Density / Sq Mi
$59,039
Median Household Income
$39,630
Median Earnings
$1,410
Median Rent
$314,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two combined lots ideal for redevelopment in East Orange.
Where is this commercial land located?
The property is located at 622 Central Ave East Orange, NJ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Located in a redevelopment zone on a major thoroughfare in East Orange.; Two lots being sold together totaling 14,126 S.F.; Ideal for redevelopment to potentially yield 32 residential units and 4 ground floor commercial units.
