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    65 Central Ave East Orange, NJ 07018

    For Sale
    $1,100,000

    East Orange Warehouse, 3,000 SF, High Ceilings

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3,000 square foot warehouse located at 65 Central Avenue in East Orange, New Jersey, presents a compelling investment opportunity. Situated on a 0.23-acre corner lot (Block 12, Lot 12), this property boasts 12' to 14' ceiling heights, providing ample space and versatility. Currently operating as a car repair facility, including an auto mechanic/tire shop, the business is included in the sale, along with the potential for an auto dealer license. The property has generated approximately $250,000 in gross revenue. The asking price is $1,100,000. The property's zoning allows for redevelopment potential, making it suitable for a variety of uses. Annual property taxes for 2022 were $11,425.54. This prime location in Essex County, with its easy access to major transportation routes, offers significant advantages for both established businesses and new ventures. The property's size and features make it an ideal candidate for expansion or adaptation to suit a wide range of commercial needs. Don't miss this chance to acquire a well-established business and a strategically located property in a thriving New Jersey market. The 07018 zip code offers excellent access to a diverse customer base.

    Property Features for 65 Central Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    3,000 SF
    Lot Size
    10,019 SF

    HighLights

    • ±3,000 SF Car Repair Facility
    • Auto Mechanic/Tire Shop Business Included
    • Auto Dealer License Potential
    • ±$250,000 Gross Annual Revenue
    • 12'-14' Ceiling Heights
    • Redevelopment Opportunity
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GVA AutoRepairs Auto Repair Shop GVA AUTO REPAIR ... Tire Shop GVA Corporation Sales Car Dealer

    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
    -74.2050696
    Latitude
    40.7510458

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    FAQs

    What type of property is this?
    Distribution property - East Orange Warehouse, 3,000 SF, High Ceilings
    Where is this distribution property located?
    The property is located at 65 Central Ave East Orange, NJ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: ±3,000 SF Car Repair Facility; Auto Mechanic/Tire Shop Business Included; Auto Dealer License Potential
    Request Owner's contact information
    65 Central Ave 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
    65 Central Ave East Orange, NJ 07018
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