Versatile In-Town Office
350 Main St West Orange, NJ 07052
350 Main St, West Orange, NJ, 07052
$1,599,000
For Sale
$1,599,000
Updated office building with B2 zoning for commercial/residential use.
Property Size3,800 SF
Lot Size0.16 Acres
Price / SF$420.79
Days on Market164
Property Features for 350 Main St
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing Agency
COMPASS NEW JERSEY LLC
(973) 310-7360
Listed by
CHRISTINE R LANE
Source
Corcoran
Added: Feb 6 Updated: Jul 10 at 3:47 pm Checked: Jul 20 at 3:31 am
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 COMPASS NEW JERSEY LLC
Investment Insights
Based on property information with market context.
This in-town office building, zoned B2, allows for both commercial and residential use. Extensively updated, the property offers a versatile layout suitable as a 4-family home with offices for professional practices, small businesses, or live/work arrangements. The entry foyer features skylights, creating a bright and welcoming atmosphere. The building includes three separate heating and cooling systems, newer windows, and recent improvements such as a newer roof, fencing, and a paved parking lot. The first floor is equipped with a fireplace and a wheelchair-accessible ramp. The second floor features two suites, each over 1,000 square feet, and a total of four bathrooms. A large garage with two oversized doors provides functionality for storage, vehicles, or specialized use. The property size is 3,800 square feet.
Key Highlights
- B2 zoning allows for commercial and residential use, offering versatile options.
- Extensively updated with newer roof, windows, fencing, and paved parking lot.
- Versatile layout ideal for a 4‑family home, offices, or live/work space.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.0k | $30.00 |
| − Vacancy | −$36.5k | −$9.60 |
| EGI | $77.5k | $20.40 |
| − OpEx | −$19.4k | −$5.10 |
| NOI | $58.1k | $15.30 |
3,800 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$830.6K
$726.8K – $969.0K
NOI $58,140 @ 7.0% cap · market cap 3.64%
Second Best
Mixed Use
$749.1K
$655.5K – $874.0K
NOI $52,440 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$992.3K
$868.2K – $1.16M
NOI $69,458 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Updated office building with B2 zoning for commercial/residential use.
Where is this mixed-use property located?
The property is located at 350 Main St West Orange, NJ.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: B2 zoning allows for commercial and residential use, offering versatile options.; Extensively updated with newer roof, windows, fencing, and paved parking lot.; Versatile layout ideal for a 4‑family home, offices, or live/work space.
