Rare opportunity to acquire a newly constructed multi-tenant retail property located on highly trafficked Central Avenue in the heart of East Orange. This premier commercial asset features six storefront units, offering an attractive combination of immediate income and future upside potential. Existing leases include annual rent increases, creating built-in revenue… Read More growth while the remaining vacancies provide an opportunity to further enhance cash flow. Positioned along one of East Orange's primary commercial corridors, the property benefits from exceptional visibility, strong daily vehicle counts, and consistent pedestrian traffic. The modern construction, excellent storefront exposure, and prominent signage opportunities make this a standout investment in a growing market. Conveniently located near major highways and NJ Transit service, the property offers easy access to Newark, Hoboken, and New York City. Whether you are an investor seeking a value-add retail asset or an owner-user looking to establish a presence in a thriving commercial corridor, this property presents a unique opportunity to own a brand-new retail investment in one of East Orange's busiest business districts. Read Less
Courtesy of CORCORAN SAWYER SMITH.
Listing Snapshot
Days Online
17
Last Updated
Property Type
Other
Lot Size
0.08 Acres
Year Built
2025
MLS Number
4031243
30 Days Snapshot Of 07018
$337k
-24%
(avg) sold price
5
+25%
homes sold
127
-26%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Storage, Yes
Building
Built in 2025, Renovated in 2025
Cooling
Ductless Split AC
Expenses
Expenses: Taxes
Exterior Features
Concrete
Water Features
Public Water
Heating
Gas-Natural, Floor/Wall Heater
Lot
Approximate Lot Size: 100X35, 0.08 acres
Property
6 units
Roof
Rubberized
Sewer
Public Sewer
Taxes
Annual Tax Amount: $10,627, Tax Rate: 3.241
Utilities
Electric
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