Mixed-Use Property with
For Sale
$1,549,000
350 Main St #1-5, West Orange, NJ 07052
B2 zoning supports commercial and residential use in a property with office suites and residential potential.
Property Size3,800 SF
Price / SF$407.63
Days on Market258
Property Features for 350 Main St #1-5
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Commercial
Zoning
B2
Building Details
Building Size
3,800 SF
Year Built
1960
Stories
2
Units
5
Listing Agency:
Serhant New Jersey LLC
(973) 315-5959
Listed By:
Christine R Lane
(973) 509-3500
Source:
Cammarotarealestate
Added: Feb 6
Changed: Oct 22
Last Checked: Oct 22 at 2:26PM
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 Serhant New Jersey LLC
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Investment Insights
Based on property information with market context.
Built in 1960, this 3,800-square-foot mixed-use property has B2 zoning for commercial and residential use. The second floor contains two suites, each exceeding 1,000 square feet, and the building has four bathrooms. Interior features include a skylit entry foyer, a first-floor fireplace, and a wheelchair-accessible ramp. Three separate heating and cooling systems serve the building.
Updates include newer windows and a newer roof, along with fencing and a paved parking lot. A large garage with two oversized doors adds vehicle and storage capacity.
Updates include newer windows and a newer roof, along with fencing and a paved parking lot. A large garage with two oversized doors adds vehicle and storage capacity.
Key Highlights
- B2 zoning allows commercial and residential use
- 3,800‑square‑foot building with two second‑floor suites, each over 1,000 square feet
- Four bathrooms and three separate heating and cooling systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,140
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,800
$1.2M
Cap Rate 7%
$830,571
$830.6K
Cap Rate 9%
$646,000
$646.0K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$114.0K $30.00/SF
− Vacancy
−$36.5K −$9.60/SF
EGI
$77.5K $20.40/SF
− OpEx
−$19.4K −$5.10/SF
NOI
$58.1K $15.30/SF
Area
Essex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,800
Cap Rate 7%
$830,571
Cap Rate 9%
$646,000
Alternative Uses
Best Use
Office B
$830.6K
$726.8K – $969.0K
NOI $58,140 @ 7.0% cap · market cap 3.75%
Second Best
Mixed Use
$749.1K
$655.5K – $874.0K
NOI $52,440 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$992.3K
$868.2K – $1.16M
NOI $69,458 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - B2 zoning supports commercial and residential use in a property with office suites and residential potential.
Where is this mixed-use property located?
The property is located at 350 Main St #1-5 West Orange, NJ.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: B2 zoning allows commercial and residential use; 3,800‑square‑foot building with two second‑floor suites, each over 1,000 square feet; Four bathrooms and three separate heating and cooling systems
