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1 N Harrison St 1 N Harrison St 4,945 SF 100% Leased Retail Building East Orange, NJ 07017 $1,375,000 ($278.06/SF) 7.82% Cap Rate



Investment Highlights
- Upside Potential
- Transit Oriented Location
- Seton Hall University
- Convenient Location
- Area Development
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use building located at 1 Harrison Street in East Orange, New Jersey (“the Property”). The Property consists of a three-story mixed-use building containing five (5) total units comprised of one (1), 3-Bedroom/1-Bathroom residential unit and four (4) commercial units on a 0.11-acre corner parcel of land. The Property is well located at the signalized intersection of N Harrison Street and Main Street, one of the area’s primary commercial and commuter corridors, in the heart of East Orange. The Property is across the street from The Crossing at Brick Church Station, a new mixed-use development that includes 820 residential units and 196,000 square feet of retail space (including Shop Rite). The Property is also convenient to Seton Hall University and East Orange VA Medical Center, enjoys convenient access to several commuter rail stations and is 3.5-miles from the Newark’s Central Business District. The Property is positioned along the municipal bus line, is seconds from Brick Church Train Station (with direct service to Manhattan’s Penn Station) and offers quick access to Interstate 280, the Garden State Parkway, and NJ Route 21. Located in Essex County, East Orange is a suburb of New York City and is approximately 13-miles to the wes
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,945 SF
Building Class
C
Year Built
1927
Price
$1,375,000
Price Per SF
$278.06
Cap Rate
7.82%
NOI
$107,535
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.89
Lot Size
0.06 AC
Opportunity Zone
Yes
Frontage
Amenities
- Air Conditioning
Walk Score®
Walker's Paradise (91)
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-00686-0000-00001 | Improvements Assessment | $1,215,200 |
| Land Assessment | $64,800 | Total Assessment | $1,280,000 |
Property Taxes
Parcel Number
05-00686-0000-00001
Land Assessment
$64,800
Improvements Assessment
$1,215,200
Total Assessment
$1,280,000
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1 N Harrison St | 1 N Harrison St
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