East Orange Commercial Property For
57 Washington St East Orange City East Orange, NJ 07017
57 Washington St East Orange City, East Orange, NJ, 07017
$1,300,000
For Sale
$1,300,000
Commercial property in revitalizing neighborhood, ideal for retail or office.
Property Size4,100 SF
Price / SF$317.07
Days on Market331
Property Features for 57 Washington St East Orange City
General Information
- Standard status
- Active
- Size
- 4,100 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing Agency
EXIT PLATINUM REALTY
(973) 746-4777
Listed by
JASON BOBB
Source
Corcoran
Added: Aug 22, 2025 Checked: Jul 17 at 2:54 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 EXIT PLATINUM REALTY
Investment Insights
Based on property information with market context.
Located on Washington Street, this commercial property is situated in a community-oriented, residential neighborhood experiencing revitalization. The location is well-connected to public transportation, with NJ Transit bus and train stations minutes away, making it accessible for businesses that rely on foot traffic or customers who use public transportation. The property is zoned for commercial use, offering flexibility for various business types, including retail, office, or light industrial. The zoning may also allow for mixed-use development. The neighborhood hosts community events such as farmers markets and parades. Compared to neighboring cities like Newark and Montclair, East Orange offers competitive commercial rental rates. The property size is 4100 square feet. It is an excellent spot for service-based businesses like cafes, small retail, or office space.
Key Highlights
- Prime location on Washington Street with high visibility.
- Versatile commercial zoning allows for retail, office, light industrial, or mixed‑use development.
- Competitive commercial rental rates compared to Newark and Montclair.
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 | $123.0k | $30.00 |
| − Vacancy | −$39.4k | −$9.60 |
| EGI | $83.6k | $20.40 |
| − OpEx | −$20.9k | −$5.10 |
| NOI | $62.7k | $15.30 |
4,100 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$896.1K
$784.1K – $1.05M
NOI $62,730 @ 7.0% cap · market cap 4.83%
Second Best
Retail
$836.0K
$731.5K – $975.3K
NOI $58,520 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.07M
$936.8K – $1.25M
NOI $74,941 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Love & Randall
Law Firm
Hasan Rashidah
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Commercial property in revitalizing neighborhood, ideal for retail or office.
Where is this retail space located?
The property is located at 57 Washington St East Orange City East Orange, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime location on Washington Street with high visibility.; Versatile commercial zoning allows for retail, office, light industrial, or mixed‑use development.; Competitive commercial rental rates compared to Newark and Montclair.
