671 Park Ave East Orange, NJ 07017-1502

Property Details for 671 Park Ave

Year built

1914

Lot size

0.14 lot acres

Property size

3,500 SF

Property type

Day care centers

APN

05 00801-0000-00024

APU

500801000000024

Description

This exceptional investment opportunity presents a turnkey, freestanding commercial property ideally suited for continued daycare operation or adaptable to other uses. Located at 671 Park Ave, East Orange, NJ 07017, this three-story, 4,357 square foot Class C building sits on a 0.14-acre lot with 48 feet of frontage on Park Avenue. Built in 1914, the property boasts a well-maintained masonry structure featuring multiple learning areas, private office space, a finished basement, and emergency egress on each level. A secure, fenced-in playground enhances the property's appeal. The property is zoned RO, permitting high-rise multifamily and high-rise office development, offering future flexibility. The asking price is $776,000, translating to $178.10 per square foot. This single-tenancy building offers immediate occupancy and significant potential for a savvy investor or owner-user. The property's convenient location provides easy access to public transportation. This is a rare opportunity to acquire a well-established daycare center in a desirable location. The property features ample above-grade space and exudes historic charm.