500 Prospect Ave West Orange, NJ 07052
Two-story office building in West Orange with value-add potential.
Property Features for 500 Prospect Ave
General Information
- Property type
- Commercial
- Standard status
- Active
Building Details
- Year built
- 1984
Source:
Elliman
Listing Agency: CAPC BROKERAGE LLC Listing Agent: Raul Cabrera
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
West Orange Professional Office Property
Located in West Orange, this professional office property offers visibility, modern amenities, and access to major highways and public transit. Constructed in 1984 and maintained, the two-story building has 7,046 square feet of space. The building features a modern facade with windows that provide natural light. Situated on 0.12 acres, the property includes 20 parking spaces. The property is divided into four suites ranging from 814 to 3,116 square feet. Two of the suites are currently occupied, offering value-add potential through lease-up of the remaining space. With flexible B-2 zoning, a variety of tenant types can be accommodated, providing investors with multiple leasing strategies. Buyers may occupy part of the space for their own business while generating income from existing tenants. The property is being sold AS IS.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- West Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2555331
- Latitude
- 40.7889559
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story office building in West Orange with value-add potential.
Where is this office building located?
The property is located at 500 Prospect Ave West Orange, NJ.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: - Prime location in the heart of West Orange with excellent visibility and convenient access to major highways and public transit.; - Strong value-add potential through lease-up of two vacant suites.; - Flexible B-2 zoning accommodates a wide variety of tenant types.
