$ 900,000
-
$900,000
Price -
4,500
SqFt -
0.21
Acre
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About the Listing MATURO2 - 3291244
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 7.03%. Building and parking lot are being sold as-is. Buyer to perform their due diligence and verify accuracy of information.
Listing Highlights for 47 Park Ave
Status
Active
Days on Site
56
Property Type
Commercial Sale
MLS ®
NJES2000388
Year Built
1876
Total Square Footage
4,500
Lot/Acreage
0.21
Interior Details
- Appliances:
- Air Cond: Central A/C,Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 13
- Lot Dimensions: 76X122REAR IRR*
- Zoning: COMMERCIAL
- Roof: Asphalt
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $17,300
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Listing Location
Questions About..
47 Park Ave West Orange, NJ 07052
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