18 S Orange Ave 10,024 SF 100% Leased Retail Building South Orange, NJ 07079 $5,500,000 ($548.68/SF) 5.48% Cap Rate

Situated in the heart of downtown South Orange, 18 South Orange Ave presents a stabilized, 1031-friendly mixed-use investment opportunity—anchored by a reliable Chase Bank branch (recent 5yr extension), with diversified income from a thriving yoga studio and a dedicated office tenant in beautifully renovated spaces spanning portions of the 2nd and 3rd floors. The ground-floor bank has served uninterrupted since 2004 (originally WaMu), while the office tenancy dates back to 2005, demonstrating strong commitment to the property.
Just steps from the South Orange NJ TRANSIT station, offering swift 35-minute rides to NYC Penn Station, this property thrives on robust commuter demand and exceptional downtown visibility, bolstered by an average daily traffic count of approximately 15,863 vehicles. South Orange boasts affluent, highly educated demographics (median household income ~$196K; 77.5% with bachelor’s degrees or higher), ensuring sustained tenant strength and leasing appeal.
Predominantly NNN-leased, with owner responsibilities limited mainly to the exterior, the building delivers consistent, low-maintenance cash flow—perfect for exchange buyers pursuing secure, long-term returns in Essex County's premier suburban hub.