Multifamily / Retail - Mixed Use Development Opportunity
$1,750,000
404 Central Avenue, East Orange, NJ 07018
0.39 acres
Lot Area
Details:
Description:
We are pleased to present a Luxury Mixed Use development opportunity (Retail/Residential) at the heart of the commercial business district of East Orange, NJ.
The proposed development site is approximately 0.4 acres. An architectural and zoning study has been complete showing the feasibility (without variances) of a 5-story building with 39 residential units, approx. 2400 SF of retail store fronts, and 30 parking spaces to be equipped with electric vehicle charging capabilities. The suggested apartment unit mix includes (25) 1-bedroom units, (14) 2-bedroom units, gym, lounge, storage units. No plans have been submitted and any affordable housing requirements have not been determined. The proposed gross building area (GBA) is approximately 61,351 square feet including the lower level and parking garage. And the net rentable area (NRA) is proposed to be approximately 44,340 square feet.
Proposed Parking:
1 BR Parking Spaces = 25 * 0.5 = 13 spaces
2 BR Parking Spaces = 14 * 1 = 14 spaces
Total Required = 14 + 13 = 27 spaces
Total Proposed = 30 Parking Spaces
Commercial Business District
Development Opportunity for Mixed Use/Retail
High Foot Traffic
Value Ad Opportunity for Existing Structures
Documents:
| Title | ||
|---|---|---|
| 2023 P&L and Rent Roll Pro-forma for Existing Buildings | ||
| 404-410 Central Ave - Survey | ||
| Executive Summary and Financial Projections - 404-410 Central Ave |
Location
Gallery
