404 Central Ave East Orange, NJ 7018
Two lots ideal for commercial or mixed-use redevelopment.
Type:Retail, Multifamily, Mixed Use
Property size:
10,000 SFLot size:
0.39 Acres- Added:
- Jun 21, 2023
- Days on Market:
- 1037
- Last Refresh:
- Mar 19 at 8:52 pm
Property Features for 404 Central Ave
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.39 Acres
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1930
Listing agent Marcos Claudius, CCIM License #1645747
Listing office KW Commercial
Listing date Jun 21, 2023
Source Crexi
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 KW Commercial
Overview
East Orange Redevelopment Opportunity
Two lots, identified as Block 510, Lots 29 & 30, are available for sale, either together or separately. The zoning is CAE/CAC, making them suitable for the redevelopment of a larger commercial or mixed-use asset. A zoning analysis indicates the potential for a five to seven-story mixed-use building without variances, with a typical floor size of 10,000 square feet. Architectural recommendations suggest a 48,000 square foot five or six-story mixed-use building. This could include retail space and parking on the ground level, with 37 to 45 residential units and amenities on the upper levels. The assemblage of lots 29 and 30 would yield approximately 17,001 square feet, or 0.39 acres. The property is sold in AS IS condition. Existing structures can be renovated if there is no interest in new development. Proposed parking includes 37 spaces. The unit mix could include sixteen 1-bedroom units at 715 square feet, twelve 2-bedroom units at 1099 square feet, and nine 3-bedroom units at 1419 square feet, along with 2250 square feet of retail space.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
House of David Club
Church
Location Insight
- Map
- Local Demand
- City
- East Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2179645
- Latitude
- 40.7571396
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Two lots ideal for commercial or mixed-use redevelopment.
Where is this commercial land located?
The property is located at 404 Central Ave East Orange, NJ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Zoned CAE/CAC, ideal for commercial or mixed‑use redevelopment.; Potential for a **five to seven story mixed‑use building** without variances.; Assemblage of both lots yields approximately 17,001 SF (0.39 acres).
