State-Anchored Office
For Sale
$5,050,000
33 Evergreen Pl, East Orange, NJ 07018
The property combines a State of New Jersey anchor with R-O zoning in an established Essex County setting.
Property Size40,866 SF
Price / SF$123.57
Days on Market14
Property Features for 33 Evergreen Pl
General Information
Standard status
Active
Size
40,866 SF
Property subtype
Office
Amenities
State Of New Jersey Occupies Approximately 69% of the Building on a Lease Extending Through April 2036, Providing Durable In-Place Cash Flow.
27% of the Property is Currently Vacant, Allowing an Investor to Lease Remaining Space and Increase NOI by More Than 40%.
Projected NOI Increases From $391,487 to $553,661 Upon Stabilization, Creating Significant Upside Through Lease-up.
Building Details
Building Size
40,866 SF
Year Built
1970
Listing Agency:
Marcus & Millichap - New Jersey
(201) 742-6118
Listed By:
Alan Cafiero · License #License(s): NJ: 0791092
(201) 742-6118
Source:
Marcusmillichap
Added: Aug 17
Changed: Aug 30
Last Checked: Aug 30 at 12:52PM
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 Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
This office building at 33 Evergreen Pl in East Orange, New Jersey, encompasses 40,866 square feet and was constructed in 1970. The property is anchored by the State of New Jersey and carries R-O zoning, providing a clearly defined office-oriented profile.
The building is situated in Essex County, approximately within the East Orange market. Offered for sale, it presents an established office asset with a substantial existing building footprint and a documented government anchor.
The building is situated in Essex County, approximately within the East Orange market. Offered for sale, it presents an established office asset with a substantial existing building footprint and a documented government anchor.
Key Highlights
- 40,866‑square‑foot office building
- Anchored by the State of New Jersey
- R‑O zoning
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,798
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - The property combines a State of New Jersey anchor with R-O zoning in an established Essex County setting.
Where is this office building located?
The property is located at 33 Evergreen Pl East Orange, NJ.
What is the asking price?
The asking price for this property is $5,050,000.
What are key features of this property?
This property features: 40,866‑square‑foot office building; Anchored by the State of New Jersey; R‑O zoning
