Properties

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.

Features

  • Heating System : Forced Hot Air
  • Cooling System : Central Air, Window A/c(s)
  • Basement : Full, Unfinished
  • Roof Deck : Asphalt Shingle
  • Tax Assessed Valuation: 649000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural
  • Internet

Additional Info

  • Office Name: BHG REALTY CONNECT
  • Office MLS ID: 5725
  • Agent ID: 296581
  • Tax: 17321
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Commercial

Commercial For Sale

For Sale
$950,000

47 Park Ave, West Orange Twp., *

  • SQFT 76 Acre
  • Built Year 1876

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5460532
  • Price: $950,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1876
  • Year Built Description: Approximate
  • Lot Area: 76 Acre
  • Status: Active
  • Days On Market: 22

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City West Orange Twp.
  • Zipcode *
  • Street: Park Ave
  • Street Number: 47
  • Street Direction: Main St to Park Ave
  • Floor Number: 0
  • Longitude: W75° 45' 46.9''
  • Latitude: N40° 46' 52.9''
  • Internet Display Address: Yes
Property