Historic Mixed-Use
For Sale
Contact for pricing
26-28 Main St, West Orange, NJ 07052
Commercially zoned building at a downtown corner location with flexible owner-user or investment potential.
Property Size8,517 SF
Price / SF$410.94
Days on Market50
Property Features for 26-28 Main St
General Information
Standard status
Active
Size
8,517 SF
Class
B
Total Parking Spaces
10
Property subtype
Retail, Multifamily, Mixed Use
Zoning
Commercial
Occupancy
81%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$118,543
Additional Details
Corner Location
Yes
Building Details
Year Built
1901
Year Renovated
2026
Units
6
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Jordan Baris Realty
Listed By:
Ellen Quentzel · License #NJ0787549
(862) 465-8139
Source:
Crexi
Added: Aug 31
Changed: Oct 7
Last Checked: Oct 16 at 8:43AM
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 Berkshire Hathaway HomeServices Jordan Baris Realty
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Investment Insights
Based on property information with market context.
Built in 1901, this mixed-use property contains 8,517 square feet within a historic building at 26-28 Main Street. The asset is situated on a corner in downtown West Orange and carries Commercial zoning, supporting a range of commercial and mixed-use considerations.
The property is offered for sale and may suit an owner-user or an investor evaluating an established downtown setting. Its Main Street position and corner placement provide a defined presence within the surrounding business district.
The property is offered for sale and may suit an owner-user or an investor evaluating an established downtown setting. Its Main Street position and corner placement provide a defined presence within the surrounding business district.
Key Highlights
- 8,517‑square‑foot mixed‑use property
- Built in 1901
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,974
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,619,480
$2.6M
Cap Rate 7%
$1,871,057
$1.9M
Cap Rate 9%
$1,455,267
$1.5M
Market Conditions
NOI Build-Up for 8,517 SF
Gross rent
$255.5K $30.00/SF
− Vacancy
−$17.4K −$2.04/SF
EGI
$238.1K $27.96/SF
− OpEx
−$107.2K −$12.58/SF
NOI
$131.0K $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,619,480
Cap Rate 7%
$1,871,057
Cap Rate 9%
$1,455,267
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.64M – $2.18M
NOI $130,974 @ 7.0% cap · market cap 3.74%
Second Best
Retail
$1.74M
$1.52M – $2.03M
NOI $121,566 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$2.22M
$1.95M – $2.59M
NOI $155,677 @ 7.0% cap · market cap 4.45%
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
1,895
Businesses Nearby
Explore this area
Business Placement
Demographics for 07052, NJ
48,867
Population
18,300
Households
2.7
Avg Household Size
42
Median Age
53%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
4,072
Density / Sq Mi
$131,456
Median Household Income
$63,458
Median Earnings
$1,791
Median Rent
$527,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned building at a downtown corner location with flexible owner-user or investment potential.
Where is this mixed-use property located?
The property is located at 26-28 Main St West Orange, NJ.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 8,517‑square‑foot mixed‑use property; Built in 1901; Commercial zoning
