Technical
Financial
Distress signals
Property profile

543 Central Ave East Orange, NJ 07018

FOR LEASE
Drug stores
Property ID
US59-1086181
10,209 SF 1.01 ac lot Built 1996
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property at 543 Central Avenue in East Orange, New Jersey, offers 12,621 square feet of completely vacant space, ideal for a single large tenant or multiple smaller occupants. The single-story building features two suites, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 10,121 square feet, providing flexibility for various business needs. Located in Essex County, this property boasts a highly convenient location with ample parking, accommodating 52 vehicles. The address is 543 Central Avenue, East Orange, NJ 07018. This presents a rare opportunity to establish a strong presence in a vibrant commercial area. The property's size and layout offer significant potential for a variety of retail businesses seeking a prominent location with excellent visibility and accessibility. The entire 12,621 square feet is currently available for lease, making it an attractive proposition for businesses seeking substantial space. The ample parking ensures convenient access for customers and employees alike. This is a turnkey opportunity to secure a prime retail location in a thriving New Jersey market. Don't miss this chance to establish your business in this highly desirable area.

Property profile

Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 1996
Total area 10,209 SF
Lot 1.01 ac (44,000 SF)
APN 05 00731-0000-00016- 01
UPID US59-1086181

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Atm
  • Bank Credit Union
  • Physician
  • (Bike/Boat/Book/etc) Store

Location

543 Central Ave East Orange, NJ 07018
East Orange metro Census 11500 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.24M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.84M

Owner & transaction history

since 2020
Last sale
$3.1M
4 recorded transactions
2020
Price N/A
2020
$3.1M
2014
$2.5M
2009
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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