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715 Scotland Rd Orange, NJ 07050

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For Sale
Contract
$1,300,000

Five-unit property with retail and residential income potential.

Property size:
3,500 SF
Lot size:
0.14 Acres

Property Features for 715 Scotland Rd

General Information

Standard status
Contract
Size
3,500 SF
Lot size
0.14 Acres

Building Details

Year built
1950

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Listing Contact
Margarette Estil
Source: Corcoran

Listing Agency: RE/MAX FIRST REALTY II Listing Agent: Margarette Estil

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

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Overview

Mixed-Use Investment Opportunity

This property presents a valuable investment opportunity with potential for rental growth and value enhancement. The property includes a supermarket, a liquor store, a beauty salon, a barber shop, and another business. The five-unit property is currently being rented, offering incoming-producing potential. Located close to the train station, it provides direct access to Newark and NYC. It is also easily reachable via Route 280 and the Garden State Parkway. Nearby amenities include shopping and parks. This well-positioned asset offers stable cash flow with excellent upside potential in a growing urban market. The property is being sold as is.
Location Intelligence

Current Use by Public Records

Yissel Supermarket Specialty Food Shop

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Similar Places Nearby

DMV SUPERMARKET, Orange mini mart, Aldo Food Market, Yole Convenience Store, Mainland market

Location Insight

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  • Local Demand
City
Orange
County
Essex
State
New Jersey
Longitude
-74.2490553
Latitude
40.7583185

FAQs

What type of property is this?
Grocery and convenience store - Five-unit property with retail and residential income potential.
Where is this grocery and convenience store located?
The property is located at 715 Scotland Rd 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: - Income-producing property with 5 currently rented units.; - Package deal including multiple businesses.; - Excellent upside potential for rental growth and value enhancement.
More about this property
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