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    231 Sanford St East Orange, NJ 07018

    Sponsored
    For Sale
    $1,080,000

    Prime Retail Space, High-Traffic Location

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,200 square foot storefront, located at 231 Sanford St in East Orange, NJ 07018, presents a unique owner-user opportunity. Built in 2007 and renovated in 2009, this single-story building sits on a 0.13-acre lot and boasts 12 parking spaces, ensuring ample customer convenience. The property is zoned R-2 and offers excellent visibility on a high-traffic street, contributing to a strong income stream exceeding $420,000 annually. Currently operating as a successful dry cleaner with a loyal customer base, this turnkey business is being sold with the real estate. The sale includes both the building and the established business, providing a seamless transition for the new owner. The seller is retiring, creating a rare chance to acquire a profitable, established business with significant growth potential. Additional income streams could be developed through expanded services like pickup and delivery. The asking price is $1,080,000, representing a price per square foot of $337.50. This is an exceptional opportunity for an entrepreneur seeking a profitable, established business in a prime location. The business alone is available for $350,000.

    Property Features for 231 Sanford St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,200 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built/Renovated
    2007/2009
    Stories
    1

    HighLights

    • $1,080,000 asking price for a 3,200 SF retail storefront in East Orange, NJ.
    • Owner‑user opportunity, single‑tenant occupancy.
    • $337.50/SF price per square foot.
    • Built in 2007, renovated in 2009, situated on a 0.13‑acre lot with 12 parking spaces.
    • High‑traffic location with excellent visibility; currently operating as a dry cleaner generating $420,000+ annual income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.229157179205
    Latitude
    40.75416278401

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, High-Traffic Location
    Where is this individual retail property located?
    The property is located at 231 Sanford St East Orange, NJ.
    What is the asking price?
    The asking price for this property is $1,080,000.
    What are key features of this property?
    This property features: $1,080,000 asking price for a 3,200 SF retail storefront in East Orange, NJ.; Owner-user opportunity, single-tenant occupancy.; $337.50/SF price per square foot.
    Request Owner's contact information
    231 Sanford St East Orange, NJ 07018
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    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
    231 Sanford St East Orange, NJ 07018
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