50 Park Ave East Orange, NJ 07017-5244

This prime East Orange, NJ commercial property, located at 50 Park Ave, offers a unique investment opportunity. The 13,500 square foot lot, zoned Commercial 4A, currently houses an automobile repair shop generating steady income. Situated on a bustling corner lot at the intersection of Park Ave and N 16th Street, this property boasts high visibility and significant foot and vehicle traffic. The property includes two adjacent lots, providing ample space for expansion or redevelopment. Plans are underway to secure a residential permit for a 16-unit building, capitalizing on the area's growing housing demand. Built in 1931, this property presents a versatile opportunity for various businesses, from retail to office space, or continued use as an automotive facility. Its strategic location in a thriving East Orange community, coupled with its redevelopment potential, makes this a compelling investment for those seeking immediate income and long-term growth. The property's APN is 0500073000000001. The asking price is $999,000. This is a for sale by owner listing.