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Investment Highlights

  • Large Industrial Lot/ Commercial Parking
  • Individual or Bulk Sale
  • Development/Value-Add Opportunity

Executive Summary

3 Lots that can be purchased individually or together. Lot Breakdowns: Mechanic Shop with Garages, 2 Family Residence with Garages, and Fenced in Vacant Lot. Call for individual prices. $1,250,000 reflects the 2 Family Residence + Garages. The site offers multiple avenues for investors, owner-users, and developers seeking both immediate use and long-term upside. Ideal for automotive use/car dealer, contractor storage, fleet parking, or residential tenancy. Proximity to Newark Airport, Port Newark, Port Elizabeth, Route 280, & GSP.

Attachments

Flyer

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $161,479 $3.71
Other Income - -
Vacancy Loss - -
Effective Gross Income $161,479 $3.71
Taxes $30,379 $0.70
Operating Expenses $3,647 $0.08
Total Expenses $34,027 $0.78
Net Operating Income $127,452 $2.93

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $161,479
Annual Per SF $3.71
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $161,479
Annual Per SF $3.71
Taxes (CAD)
Annual $30,379
Annual Per SF $0.70
Operating Expenses (CAD)
Annual $3,647
Annual Per SF $0.08
Total Expenses (CAD)
Annual $34,027
Annual Per SF $0.78
Net Operating Income (CAD)
Annual $127,452
Annual Per SF $2.93

Property Facts

Price $1,770,600 CAD
Price Per SF $40.65 CAD
Sale Type Investment or Owner User
Cap Rate 7.20%
Property Type Industrial
Building Class C
Lot Size 1.00 AC
Rentable Building Area 43,560 SF
No. Stories 1
Year Built 1964
Zoning MX2 - Mixed Use Commercial/Residential
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 17-00903-0000-00016
  • 05-00923-0000-00007-01
  • 05-00923-0000-00018
Land Assessment
$673,322 CAD (2026)
Improvements Assessment
$340,708 CAD (2026)
Total Assessment
$1,014,030 CAD (2026)
Annual Taxes
$30,379 CAD ($0.70 CAD/SF)
Tax Year
2025
  • Listing ID: 40663972

  • Date on Market: 2026-05-26

  • Last Updated:

  • Address: 197 Park St, East Orange, NJ 07017

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