2-8 Central Ave East Orange, NJ 07018-3912
Property profile & analytics
2-8 Central Ave, East Orange, NJ 07018-3912
- Warehouses
- 87,600 SF
Property ID
US59-1755463
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Metalliferous Inc / Tool Wholesaler
- Items In Wood / Department Store
- Paramount Wire Co / Factory / Production Facility
Property Details for 2-8 Central Ave
- Year built
- 1929
- Property type
- Warehouses
- APN
- 05 00023-0000-00003
- APU
- 500023000000003
Description
This exceptional industrial property, located at 2-8 Central Avenue in East Orange, New Jersey, presents a significant investment opportunity. The 127,000 square foot warehouse, situated on a 0.99-acre lot, boasts a rich history, originally constructed for automotive manufacturing. The building features three floors, serviced by a large freight elevator, offering versatile space for various industrial uses. Three loading docks accommodate 40' and 53' trailers, complemented by six dock-high doors and a drive-in ramp providing seamless access throughout all three levels. The property includes ample parking for 49 vehicles and a 1,300 square foot mezzanine between the first and second floors. A substantial 10,000 square foot office space is also included. Ceiling heights vary, with 16 feet on the first floor, 11 feet on the second, and 10 feet on the third. Recent improvements include a new heating system, a highly efficient three-phase electrical system throughout, and significant updates to the sprinkler system following a recent successful fire inspection. The property is zoned for manufacturing and is conveniently located near major ports, including the Port of New York and New Jersey, Port Newark-Elizabeth Marine Terminal, and Port Jersey, offering excellent logistical advantages. The asking price is $13,000,000, with a projected cap rate of 7%. The property is currently vacant and available for a triple net (NNN) lease. Built in 1940 and renovated in 2021, this warehouse offers a blend of historical character and modern functionality.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- East Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2018
- Latitude
- 40.7512
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$108,751
$1,180,000
$2,252,800
$3,432,800
-
$1,180,000
$2,252,800
$3,432,800
