Mixed-Use Brewery and
15 S Orange Ave South Orange, NJ 07079
15 S Orange Ave, South Orange, NJ, 07079
Contact for pricing
For Sale
Contact for pricing
Three-level brewery and restaurant building with bar, party room, and additional basement space included.
Property Size9,000 SF
Price / SF$372.22
Days on Market142
Property Features for 15 S Orange Ave
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- RETAIL
Listing agency
RE/MAX TEAM 2000
(908) 709-8200
Listed by
Patricia Tarczilo
(908) 709-8200
Source
Moodyscre
Added: Mar 3 Updated: Jul 22 at 9:45PM Checked: Jul 22 at 9:45PM
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 TEAM 2000
Investment Insights
Based on property information with market context.
This property operates as a first-floor brewery and restaurant, with a second-floor bar and party room. Additional basement space is included, providing extra functional area for storage or support uses. The building also offers room for future expansion, as two additional floors can be added.
The site is located one street from a commuter train and is positioned in a vibrant downtown area. It is also noted to be near Seaton Hall and directly across from a new 111-unit luxury apartment complex.
Overall, the existing layout supports food and beverage use across multiple floors, with the added benefit of included basement space and expansion potential.
The site is located one street from a commuter train and is positioned in a vibrant downtown area. It is also noted to be near Seaton Hall and directly across from a new 111-unit luxury apartment complex.
Overall, the existing layout supports food and beverage use across multiple floors, with the added benefit of included basement space and expansion potential.
Key Highlights
- Three‑level brewery and restaurant building with bar and party room
- Additional basement space included
- Second floor features an additional bar and party room
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.4k | $21.60 |
| − Vacancy | −$10.9k | −$1.21 |
| EGI | $183.5k | $20.39 |
| − OpEx | −$45.9k | −$5.10 |
| NOI | $137.6k | $15.29 |
9,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.97M
$1.72M – $2.29M
NOI $137,635 @ 7.0% cap · market cap 4.11%
Second Best
Industrial
$1.47M
$1.29M – $1.72M
NOI $103,130 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,506 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
U Brew Inc
Big Box & Wholesale Store
Gaslight Brewery & Restaurant
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Brewery - Three-level brewery and restaurant building with bar, party room, and additional basement space included.
Where is this brewery located?
The property is located at 15 S Orange Ave South Orange, NJ.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Three‑level brewery and restaurant building with bar and party room; Additional basement space included; Second floor features an additional bar and party room
