2-8 Central Ave East Orange, NJ 07018-3912

Property Details for 2-8 Central Ave

Year built

1929

Property size

87,600 SF

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.

Location Insight

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