Highly visible location at Main St and Park Ave in West Orange
$950,000
47 Park Ave, West Orange, NJ 07052
6.23
Cap Rate
59,160
NOI
Details:
Highlights:
- Highly visible location at Main St and Park Ave
- 3-story Victorian-style commercial building
- 8 units
- On-site parking lot with 13 spots
- Fully leased with all tenants month to month
- Unfinished basement
- Easy access to Route 280 and the Garden State Parkway
- Conveniently located near public transportation offering easy access to NYC
Description:
Welcome to this highly visible commercial space 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. This building is fully leased with all tenants currently on month-to-month 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 6.23%. Building and parking lot are being sold as-is. Buyer to perform their due diligence and verify accuracy of information.
Location
Gallery
