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19 Prospect St
South Orange, NJ 07079
Value-Add Former Daycare | SOMA · Office Property For Sale
Investment Highlights
- Value-add opportunity to acquire a mixed-use, partially occupied office and residential asset and lease out at market rates.
- There is ample area for opportunity as the property is approximately 18% occupied by two month-to-month tenants.
- Only a half-mile away from Seton Hall University with over 10,000 students and under 40 minutes via train to New York City.
- Downtown Orange location off Route 510 with speedy access to Garden State Parkway, Interstate 280, and South Orange Train Station.
- Walkable downtown district features restaurants, specialty shops, and entertainment venues.
- In a market with predominately renter-occupied households and high average household incomes in a 2-mile radius of $106,917.
Property Facts
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
4,444 SF
Building Class
B
Year Built/Renovated
1914/2014
Percent Leased
18%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,922 SF
Building FAR
1.13
Lot Size
0.09 AC
Parcel Number
19-02014-0000-00004
Zoning
B-1
Parking
1 Spaces (0.23 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Security System
- Signage
- Kitchen
- Storage Space
- Natural Light
- Yard
- Outdoor Seating
- Air Conditioning
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