44 Park Ave 1,399 SF Retail Building East Orange, NJ 07017 $1,381,961 CAD ($987.82 CAD/SF)

********Back on the market — Buyer could not perform*********
Located at the bustling intersection of Park Ave and N 16th in East Orange, this commercial property presents a lucrative opportunity for investors and developers alike. Comprising two adjacent lots at 50 Park Ave and 44 Park Ave(13500 sqft), this corner lot boasts high visibility and exposure, making it an ideal spot for a range of businesses. Currently operating as an automobile repair shop.
Key Features:
* Zoning: Zoned as Commercial 4A, this property offers versatile usage options, including retail, office space, or service-oriented
businesses.
* Location: Situated at a prominent intersection, the property benefits from heavy foot and vehicle traffic, ensuring maximum exposure for any business venture.
* Current Use: Currently operating as an automobile repair shop, the property generates steady income.
* Development Potential: In addition to its current use, the property holds significant development potential. With plans in progress to obtain a residential permit for a 16-unit building, investors have the opportunity to capitalize on the burgeoning demand for housing in the area.
* Adjacent Lots: The inclusion of two adjacent lots provides ample space for expansion or redevelopment, allowing for flexibility in design and utilization.
* Strategic Positioning: The corner lot configuration offers maximum visibility and accessibility, making it an attractive location for businesses seeking to establish a strong presence in the community.
* Thriving Community: East Orange is a vibrant and rapidly growing community, with a diverse population and a strong economy. The property's proximity to amenities, transportation, and major thoroughfares enhances its appeal to both businesses and residents?
Don't miss out on this exceptional opportunity to invest in a prime commercial property with the potential for immediate income generation and future development prospects. Contact @9083424662 or email: varindersellsnj@gmail.com to learn more and schedule a viewing.