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Corner Mixed-Use Property
For Lease
$2,500,000

622-628 Central, East Orange, NJ 07018

The existing building offers a redevelopment concept combining residential units with ground-floor commercial space.

Space SizeContact for details
Property Size9,039 SF
Days on Market123

Property Features for 622-628 Central

General Information

Standard status Active
Size 9,039 SF
Property subtype Office
Zoning CAE/CAC

Taxes and HOA fees

Annual Taxes $54,468

Building Details

Stories 5
Building Size 9,039 SF
Listing Agency: RE/MAX Properties Plus
Listed By: Marina Lazareva · License #1861773
Source: Tkregroupinc
Added: Jul 2 Changed: Nov 1 Last Checked: Nov 1 at 2:57PM

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 RE/MAX Properties Plus

Rey
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Investment Insights

Based on property information with market context.

This corner property in East Orange includes an existing 9,039-square-foot building that can be renovated or replaced. The Transit Village Area Redevelopment Plan outlines a potential five-story project, with a stated maximum height of 65 feet, comprising 32 residential units above four ground-floor commercial units.

The property is located on Central Avenue within East Orange’s redevelopment area. The plan’s stated development concept provides a framework for considering a mixed-use configuration; any redevelopment would be subject to applicable requirements and approvals.

Key Highlights

  • Existing corner building contains 9,039 SF
  • Redevelopment plan concept includes 32 residential units and 4 ground‑floor commercial units
  • Plan indicates 5 stories and a 65‑foot building height

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Butcher Florist Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,324
Businesses Nearby
123k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 47% Shops & Services 42% Groceries 6% Hotels & Casinos 3%
Wendy's Dining
21,731 visits/mo 0.5 miles
Burger King Dining
16,673 visits/mo 0.0 miles
Dunkin' Donuts Dining
16,273 visits/mo 0.3 miles
Wells Fargo Shops & Services
12,810 visits/mo 0.4 miles
AutoZone Shops & Services
8,940 visits/mo 0.4 miles

Demographics for 07018, NJ

30,429
Population
13,107
Households
2.3
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
1.7 sq mi
ZIP Area
17,899
Density / Sq Mi
$59,039
Median Household Income
$39,630
Median Earnings
$1,410
Median Rent
$314,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The existing building offers a redevelopment concept combining residential units with ground-floor commercial space.
Where is this mixed-use property located?
The property is located at 622-628 Central East Orange, NJ.
What is the lease rate?
The lease rate is $2,500,000.
What are key features of this property?
This property features: Existing corner building contains 9,039 SF; Redevelopment plan concept includes 32 residential units and 4 ground‑floor commercial units; Plan indicates 5 stories and a 65‑foot building height
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