500 Prospect Ave West Orange, NJ 07052
Two-story office building in West Orange with value-add potential.
Property size:
7,046 SFProperty Features for 500 Prospect Ave
General Information
- Standard status
- Active
- Size
- 7,046 SF
Building Details
- Year built
- 1984
Source:
Corcoran
Listing Agency: CAPC BROKERAGE LLC Listing Agent: Raul Cabrera
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
West Orange Office Building For Sale
Located in West Orange, this professional office property offers a prime location, visibility, and access to major highways and public transit. Constructed in 1984 and maintained, the two-story building has 7,046 square feet of space. The building is situated on 0.12 acres and includes 20 parking spaces. The property is divided into four suites ranging from 814 to 3,116 square feet. Two of the suites are currently occupied. The B-2 zoning accommodates a variety of tenant types, offering investors multiple leasing strategies. Buyers may occupy part of the space for their own business while generating income from existing tenants. The property is suitable for medical use, subject to approvals through the new business application process and compliance with medical use parking requirements. The property is being sold AS IS.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- West Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2555331
- Latitude
- 40.7889559
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FAQs
What type of property is this?
Office building - Two-story office building in West Orange with value-add potential.
Where is this office building located?
The property is located at 500 Prospect Ave West Orange, NJ.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: - Prime location in the heart of West Orange with excellent visibility and convenient access to major highways and public transit.; - Strong value-add potential through lease-up of two vacant suites.; - Flexible B-2 zoning allows for a wide variety of tenant types and leasing strategies, including potential medical use.
