Oversized Garage in South
For Sale
$399,900
Pending
161 Church St, South Orange, NJ 07079
Rare opportunity: large garage near South Orange Village center.
Property Size1,995 SF
Lot Size0.13 Acres
Days on Market414
Property Features for 161 Church St
General Information
Standard status
Pending
Size
1,995 SF
Lot size
0.13 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,013
Amenities
Blacktop Driveway
Flag Lot
Off-Street Parking
Parking Lot-Exclusive
Building Details
Year Built
1940
Listing Agency:
HOWARD HANNA RAND REALTY
(973) 740-1881
Listed By:
DOUGLASS HOLMES
(973) 568-2224
Source:
Corcoran
Added: Sep 7, 2025
Changed: Oct 25
Last Checked: Oct 25 at 2:08PM
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 HOWARD HANNA RAND REALTY
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Investment Insights
Based on property information with market context.
This oversized garage is located behind gates near the center of South Orange Village. The property, situated among mostly residential properties, could house between 6 and 10 vehicles inside, with parking space for approximately 10 additional vehicles outside within the gates. The building includes office, storage, and loft space. Currently used as a woodworking shop, it was previously a storage facility for a local car dealership. The property is grandfathered in to continue its current use and is located within the redevelopment zone (R-22) on a dead-end section of the street, near the NYC train station. The stand-alone building is approximately 35 feet by 57 feet with high ceilings, situated on a 0.131-acre lot. The property is being sold as is. Public water, natural gas, and sewer lines are available, though they have not been used recently. The zoning is R-22, which allows for townhouses, single and two-family homes, and family day care. The maximum building height is 35 feet, up to 3 stories. The property offers redevelopment potential into a residential home or multi-unit dwelling.
Key Highlights
- Rare oversized garage with potential for 6‑10 vehicles inside and approximately 10 outside.
- Located in the redevelopment zone (R‑22) allowing for residential redevelopment.
- Grandfathered in for current use as a working facility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,741
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,820
$634.8K
Cap Rate 7%
$453,443
$453.4K
Cap Rate 9%
$352,678
$352.7K
Market Conditions
NOI Build-Up for 1,995 SF
Gross rent
$51.9K $26.04/SF
− Vacancy
−$3.1K −$1.56/SF
EGI
$48.8K $24.48/SF
− OpEx
−$17.1K −$8.57/SF
NOI
$31.7K $15.91/SF
Area
Essex County, NJ
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,820
Cap Rate 7%
$453,443
Cap Rate 9%
$352,678
Alternative Uses
Best Use
Flex RnD
$453.4K
$396.8K – $529.0K
NOI $31,741 @ 7.0% cap · market cap 7.94%
Second Best
Retail
$406.8K
$355.9K – $474.6K
NOI $28,475 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$520.9K
$455.8K – $607.8K
NOI $36,465 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,315
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 07079, NJ
18,597
Population
6,131
Households
3
Avg Household Size
34
Median Age
76%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
6,413
Density / Sq Mi
$184,769
Median Household Income
$75,829
Median Earnings
$2,067
Median Rent
$808,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Rare opportunity: large garage near South Orange Village center.
Where is this parking lot & garage located?
The property is located at 161 Church St South Orange, NJ.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Rare oversized garage with potential for 6‑10 vehicles inside and approximately 10 outside.; Located in the redevelopment zone (R‑22) allowing for residential redevelopment.; Grandfathered in for current use as a working facility.
