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Property profile & analytics
OFF-MARKET Estimated value $510,000
Day care centers

671 Park Ave East Orange, NJ 07017-1502

3,500 SF 0.14 ac lot Built 1914
Individually Owned 4-yr Hold Free & Clear
Property ID
US59-1273053
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1914
Total area 3,500 SF
Lot 0.14 ac (6,142 SF)
APN 05 00801-0000-00024
UPID US59-1273053
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Clark School Inc High School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$510k
Owner & transaction history
Tommy L Wright · 4 yrs held
Tommy L Wright
since 2021
Last sale
$380,000
2 recorded transactions
2021
$380,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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