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    45-47 17Th St, Unit 1 East Orange, NJ 07018

    For Sale
    $549,000

    Commercial building with immediate income and future development opportunities.

    Property Features for 45-47 17Th St

    General Information

    Standard status
    Active

    Source: KELLER WILLIAMS VALLEY REALTY Agent LIPA BRACH

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Brick Building with Development Potential

    This brick building offers both immediate commercial use and developmental prospects within the ARC-4 zoning district, as part of the Sussex Ave Redevelopment Plan. The existing structure features sizable garages and multiple rooms, suitable for warehousing or office space, offering immediate rental income potential. There are unapproved plans to convert the building into 14 residential units as of right. There is an opportunity to purchase the adjacent city-owned property, where plans allow for the addition of 17 more residential units. The property is positioned in a sought-after area with easy access to essential amenities, public transportation, and community facilities, making it attractive for both commercial tenants and future residents.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Alert Self Storage, Hollywood Ave Car Storage, Sonic Self Storage Unit Facility, Life Storage, Liberty Moving Group

    Location Insight

    • Map
    • Local Demand
    City
    East Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1982796
    Latitude
    40.7593441

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    FAQs

    What type of property is this?
    Warehouse - Commercial building with immediate income and future development opportunities.
    Where is this warehouse located?
    The property is located at 45-47 17Th St, Unit 1 East Orange, NJ.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - Prime investment opportunity in a highly desirable location within the Sussex Ave Redevelopment Plan.; - ARC-4 zoning allows for immediate commercial use (warehousing/office space) with rental income potential.; - Development potential to convert the building into 14 residential units as of right (unapproved plans).
    (201) 391-2500
    Request Owner's contact information
    45-47 17Th St, Unit 1 East Orange, NJ 07018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    45-47 17Th St, Unit 1 East Orange, NJ 07018
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