366 Main St West Orange, NJ 07052-5792
This exceptional 2,835 square foot commercial building in West Orange, NJ, presents a unique investment opportunity. Completely renovated in 2023, this three-story property, built in 1940, offers four units ideal for a variety of professional uses, including creative, executive, and medical offices. The building is currently vacant and ready for immediate occupancy, allowing for customization to suit your specific needs. The property sits on a 0.16-acre lot and includes five parking spaces, offering both on-site and convenient street parking. Each unit features separate utilities, with two units boasting upgraded central HVAC systems. Unit sizes range from approximately 367 square feet to 831 square feet, with estimated rental income potential ranging from $800 to $2,400 per month. The property is zoned B2, permitting a wide range of uses including retail stores, personal service studios, office buildings, vocational schools, and restaurants and bars. Its prime location near shops, train stations, and major highways ensures excellent accessibility for tenants and clients. This is an exceptional opportunity to acquire a fully renovated, multi-tenant commercial building in a thriving New Jersey community. The asking price is $600,000, and the lease type is gross.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · West Orange, NJWest Orange. Always verify with local authorities before improvements.
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.