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197 Park St - Orange Industrial Park 43,560 SF Specialty Building Offered at $4,590,695 CAD at a 9.16% Cap Rate in East Orange, NJ 07017
Investment Highlights
- Large Industrial Lot/ Commercial Parking
- Multiple Income Producing Avenues
- Development/Value-Add Opportunity
Executive Summary
Highly flexible industrial property featuring 25 garages, a mechanic shop, and a 2-family residence. The site offers multiple avenues for investors, owner-users, and developers seeking both immediate use and long-term upside. The property currently includes multiple opportunities for income generation through garage rentals, automotive use, contractor storage, fleet parking, or residential tenancy. The unique layout and mixed-use characteristics create a variety of commercial and residential applications. Proximity to Newark Airport, Port Newark, Port Elizabeth, Route 280, & GSP.
In addition to the current use, the property offers strong redevelopment potential for medium-density residential projects, including multifamily housing, garden apartments, or townhome development.
In addition to the current use, the property offers strong redevelopment potential for medium-density residential projects, including multifamily housing, garden apartments, or townhome development.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$488,754
|
$11.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$488,754
|
$11.22
|
| Taxes |
$54,337
|
$1.25
|
| Operating Expenses |
$13,807
|
$0.32
|
| Total Expenses |
$68,144
|
$1.56
|
| Net Operating Income |
$420,610
|
$9.66
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $488,754 |
| Annual Per SF | $11.22 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $488,754 |
| Annual Per SF | $11.22 |
| Taxes (CAD) | |
|---|---|
| Annual | $54,337 |
| Annual Per SF | $1.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,807 |
| Annual Per SF | $0.32 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $68,144 |
| Annual Per SF | $1.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $420,610 |
| Annual Per SF | $9.66 |
Property Facts
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
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197 Park St - Orange Industrial Park
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