Listing Courtesy of: 908-342-4662 - VARINDER SINGH SANDHU - COLDWELL BANKER REALTY
732-494-7700
$999,000
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50 PARK AVE Unit 50 East Orange, NJ 07017
General Commercial
Residence
Beds
2
Baths
1,350
Sq. Ft.
0.21
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 (13400 sqft), this corner lot boasts high visibility and exposure, mak...ing it an ideal spot for a range of businesses. Currently operating as an automobile repair shop.Zoned as Commercial 4A, versatile usage options: retail, office space, service-oriented. Situated at a prominent intersection, the property benefits from heavy foot and vehicle traffic, ensuring maximum exposure for any business venture. 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 20-unit building, investors have the opportunity to capitalize on the burgeoning demand for housing in the area. 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. #Buyer is responsible for conducting their own due diligence about zoning & development. Don't miss out on this exceptional opportunity to invest in a prime commercial property.
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MLS#
3921366
Property Type
General Commercial
Bathrooms
Square Feet
1,350
sq. ft
Price per Sq. Ft.
$74.00
Lot Size
0.21
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