501-505 Central Ave East Orange, NJ 07018
This exceptional commercial property, located at 501-505 Central Avenue in East Orange, New Jersey, presents a unique investment opportunity. Situated on a 0.28-acre lot within the CAC (Central Avenue Commercial District) zoning, this two-story building offers approximately 3,433 to 3,464 square feet of retail space. The building is currently vacant and ready for immediate occupancy, providing flexibility for a variety of commercial uses. Its prominent corner location at Central Avenue and Amherst Street offers excellent visibility and significant signage opportunities on multiple sides. The property benefits from convenient access to major transportation arteries, including the Garden State Parkway and Route 280, ensuring high traffic flow and accessibility for customers and employees. The asking price for this prime retail space is $999,000. This presents a compelling opportunity to acquire a well-located, versatile commercial property in a thriving New Jersey market. The property includes Block 492, Lots 41, 42 & 43, and is zoned for commercial use within Essex County, zip code 07018. The building's vacant status allows for immediate customization and tenant improvements to suit specific business needs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.