Property profile

161 Main St West Orange, NJ 07052

OFF-MARKET
Retail properties & Spaces
18,537 SF
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Property summary

AI-generated overview

The Shoppes at Edison Village in West Orange, New Jersey, presents a unique retail opportunity. This prime location at 161 Main St, 07052 boasts 18,537 square feet of retail space, currently featuring two suites. Two spaces are immediately available, ranging from a minimum of 2,188 square feet to a maximum contiguous space of 2,908 square feet. A total of 5,096 square feet is currently vacant, offering flexibility for various restaurant concepts. The property benefits from a strong tenant base and ample parking with 90 spaces available for customers and employees. This vibrant location is further enhanced by its proximity to a significant residential community, providing a built-in customer base. Residents enjoy access to 31,700 square feet of amenities, including a courtyard, gym, pool, doggie spa, sky lounge, saunas, and movie theaters, creating a high-traffic, desirable area for businesses. This presents a compelling opportunity for businesses seeking high visibility and a strong customer base in a thriving community. The property's strategic location and extensive amenities make it an ideal setting for a successful restaurant venture. Serious inquiries are encouraged to explore this exceptional retail space.

Property profile

Verified
Property type Retail properties & Spaces
Total area 18,537 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Restaurant
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Grocery & Convenience Store

Location

161 Main St West Orange, NJ 07052
West Orange metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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