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Renovated Retail Space with Exposure
For Lease
$30,000
Pending

321 Elmwood Ave Unit B, East Orange, NJ 07018

Newly renovated retail space with office, high ceilings, and exposure.

Space SizeContact for details
Lot Size0.07 Acres
Days on Market1125

Property Features for 321 Elmwood Ave Unit B

General Information

Standard status Pending
Lot size 0.07 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $7,561

Amenities

Central air
Corner
Driveway-Exclusive
Ductless Split AC Cooling
Flat Roof
Heat Pump Heating
Level Lot
On-Street Parking
Open Lot

Building Details

Year Built 9999
Listing Agency: WEICHERT REALTORS
Listed By: KEITH WINTERS
Source: Corcoran
Added: Aug 4, 2023 Changed: Aug 8 Last Checked: Aug 8 at 4:46AM

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 WEICHERT REALTORS

Investment Insights

Based on property information with market context.

This is a brand new, renovated corner commercial retail building completed in 2023. The space, approximately 1000 square feet including 225 square feet of office space, features new exterior and interior finishes. It includes two storefront doors, two full baths, and high ceilings, creating a bright interior. On-street parking is available. An attached garage is available for a separate rent amount. The tenant is responsible for obtaining a Certificate of Occupancy for their intended use. Another unit is also available for rent, and the entire building is for sale.

Key Highlights

  • Brand new 2023 renovated corner commercial retail building with high exposure.
  • Approximately 1000SF of space including 225SF of office space.
  • Two storefront doors and two full baths.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Carpet & Flooring Store Veterinary Clinic Pet Grooming Service (Bike/Boat/Book/etc) Store Butcher Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,803
Businesses Nearby
91k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 65% Shops & Services 32% Apparel 2% Electronics 1%
Burger King Dining
16,673 visits/mo 0.5 miles
Dunkin' Donuts Dining
16,273 visits/mo 0.4 miles
Wells Fargo Shops & Services
12,810 visits/mo 0.4 miles
KFC Dining
10,104 visits/mo 0.5 miles
AutoZone Shops & Services
8,940 visits/mo 0.4 miles

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Newly renovated retail space with office, high ceilings, and exposure.
Where is this retail space located?
The property is located at 321 Elmwood Ave Unit B East Orange, NJ.
What is the lease rate?
The lease rate is $30,000.
What are key features of this property?
This property features: Brand new 2023 renovated corner commercial retail building with high exposure.; Approximately 1000SF of space including 225SF of office space.; Two storefront doors and two full baths.
More about this property
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