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404-410 Central Ave East Orange 2 Properties Offered at $2,442,860 CAD in East Orange, NJ
EXECUTIVE SUMMARY
Ideal for either rehab or redevelopment of a larger mixed-use asset. Two lots (Block 510, Lots 29 & 30) available for sale together or separately. Zoned CAE/CAC.
Zoning analysis suggests a five to seven story mixed use building may be allowed without variances with a typical floor size of 10,000 SF. Architect recommendation is for a five to six story mixed use building with Retail and parking on the ground level and residential units plus amenities on the upper levels. Assemblage of lots 29 and 30 would yield approx. 17,001 SF or a 0.39 acre lot. See attached Due Diligence Docs. Property is sold in strictly AS IS condition. The existing structures can be renovated if there is no interest in new development.
Zoning analysis suggests a five to seven story mixed use building may be allowed without variances with a typical floor size of 10,000 SF. Architect recommendation is for a five to six story mixed use building with Retail and parking on the ground level and residential units plus amenities on the upper levels. Assemblage of lots 29 and 30 would yield approx. 17,001 SF or a 0.39 acre lot. See attached Due Diligence Docs. Property is sold in strictly AS IS condition. The existing structures can be renovated if there is no interest in new development.
PROPERTY FACTS
| Price | $2,442,860 CAD | Number of Properties | 2 |
| Price / SF | $220.12 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 11.53% | Total Building Size | 11,098 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.50 AC |
| Status | Active |
| Price | $2,442,860 CAD |
| Price / SF | $220.12 CAD / SF |
| Cap Rate | 11.53% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,098 SF |
| Total Land Area | 0.50 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 404 Central Ave, East Orange, NJ 07018 | Office | 6,818 SF | 1930 | - |
| 406-410 Central Ave, East Orange, NJ 07018 | Retail | 4,280 SF | 1949 | - |
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404-410 Central Ave East Orange
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