404 Central Avenue East Orange, NJ 07018

Listing office KW Commercial | Harrisburg West m***@kwcommercial.com Show Phone

Listing date Aug 8, 2023

Source Realnex

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Investment Insights

Based on property information with market context.

This 0.4-acre development site presents a mixed-use opportunity in the commercial business district of East Orange, NJ. A feasibility study indicates the potential for a 5-story building without variances. The proposed development includes 39 residential units and approximately 2,400 square feet of retail storefronts. The residential component features a suggested mix of twenty-five 1-bedroom units and fourteen 2-bedroom units, along with a gym, lounge, and storage units. The design incorporates 30 parking spaces, equipped with electric vehicle charging capabilities. The proposed gross building area is approximately 61,351 square feet, including the lower level and parking garage. The net rentable area is proposed to be approximately 44,340 square feet. The parking allocation includes 13 spaces for 1-bedroom units and 14 spaces for 2-bedroom units, totaling 27 required spaces, with 30 spaces proposed. No plans have been submitted, and affordable housing requirements have not been determined.

Key Highlights

• Luxury mixed‑use development opportunity in East Orange's commercial business district.
• Feasibility study confirms a 5‑story building with 39 residential units, approx. 2400 SF of retail space, and 30 parking spaces can be built without variances.
• Includes 30 parking spaces equipped with electric vehicle charging capabilities.

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FAQs

What type of property is this?

Commercial land - 0.4 acre site suitable for mixed-use development.

Where is this commercial land located?

The property is located at 404 Central Avenue East Orange, NJ.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Luxury mixed‑use development opportunity in East Orange's commercial business district.; Feasibility study confirms a 5‑story building with 39 residential units, approx. 2400 SF of retail space, and 30 parking spaces can be built without variances.; Includes **30 parking spaces equipped with electric vehicle charging capabilities.**