533 Main St East Orange, NJ 07018
- Commercial real estate
- 5,527 SF
- 8.47 lot acres
Current Use by Public Records
- Brick Church Plaza / Shopping Mall
- Western Union / Money Transfer Service
Property Details for 533 Main St
- Year built
- 1980
- Lot size
- 8.47 lot acres
- Property size
- 5,527 SF
- Property type
- Commercial real estate
- APN
- 05 00683-0000-00001
- APU
- 500683000000001
Description
This exceptional Class A retail opportunity is located at 533 Main Street in East Orange, New Jersey, within the vibrant Crossings at Brick Church Station Redevelopment. The property boasts a total of 64,439 square feet across six stories, offering a diverse range of spaces ideal for various retail and restaurant uses. Seven spaces are currently available, ranging from a minimum of 1,318 square feet to a maximum contiguous space of 4,062 square feet, with a total of 11,477 square feet currently vacant. The development features a ShopRite supermarket as an anchor tenant, providing significant foot traffic and drawing power. This strategic location is further enhanced by its proximity to 820 residential units and a convenient seven-story parking garage, ensuring ample parking for customers and employees. The property's mixed-use nature, encompassing shopping center, big box, QSR, and street retail components, presents a unique opportunity for businesses seeking high visibility and accessibility. The property is situated in Essex County, New Jersey, with easy access via the Brick Church train station, making it an attractive location for both local and regional clientele. The property is classified as a shopping center and mixed-use development, offering a variety of space configurations to suit diverse business needs. This is a new development, providing modern amenities and a fresh, contemporary feel.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,350,000
- 6.5%
- $4,865,000
- 7%
- $5,310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,195,000
- Geo Method
- $4,545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,825,000
- Retail
- $4,190,000
- Mixed-Use
- $5,190,000
- Hospitality
- $5,375,000
- Educational
- $4,305,000
- Residential Income
- $5,695,000
- Energy
- $4,510,000
- Income-Based Land
- $5,245,000
- Food Service
- $5,080,000
Location Insight
- Map
- Local Demand
- City
- East Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2188
- Latitude
- 40.7663
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
