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732-921-1825 (Cell)
Real Estate Company
47 Park Ave, West Orange Twp., NJ 07052
- $950,000
- List Price
- $950,000
- MLS#
- 4052891
- Dom
- 22
- Year Built
- 1876
- Status
- ACTIVE
- County
- Essex
- City
- West Orange Twp.
Property Description
Welcome to this highly visible income-producing professional office building located at the corner of Park Ave and Main Street in the heart of West Orange. This remarkable location is home to a 3-story Victorian-style commercial building, featuring 8 separate office spaces, an unfinished basement and its own on-site parking lot. The property is currently fully occupied by an established tenant base. Month-to-month tenancy has intentionally been maintained to provide a purchaser with maximum flexibility, whether acquiring the property strictly as an investment or offering an owner-user the flexibility to occupy space while retaining existing income. Most existing tenants have expressed an interest in remaining and entering longer-term leases. Conveniently located near Route 280, the Garden State Parkway and public transportation offering easy access to NYC. Prime opportunity to own a professional building at such a prominent location with a current cap rate of 6.66%. Building and parking lot are being sold as-is. Buyer to perform their due diligence and verify accuracy of information.
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Additional Information
- Taxes
- $17,321
- Cooling
- Central Air, Window A/C(s)
- Exterior
- Aluminum, Wood
- Garage Spaces
- 13
- Heating
- Forced Hot Air
- Roof
- Asphalt Shingle
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
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Listing Courtesy Of BHG REALTY CONNECT, Contact: 856-696-2255
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