Highly visible location at Main St and Park Ave in West Orange

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 income-producing professional office building 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. The property is currently fully occupied by an established tenant base. Month-to-month tenancy has intentionally been maintained to provide a purchaser with maximum flexibility, whether acquiring the property strictly as an investment or offering an owner-user the flexibility to occupy space while retaining existing income. Most existing tenants have expressed an interest in remaining and entering longer-term 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 6.66%. Building and parking lot are being sold as-is. Buyer to perform their due diligence and verify accuracy of information.