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Orange Industrial Park 197 Park St 43,560 SF 100% Leased Industrial Building East Orange, NJ 07017 $1,250,000 ($28.70/SF) 7.20% Cap Rate
Investment Highlights
- Large Industrial Lot/ Commercial Parking
- Individual or Bulk Sale
- Development/Value-Add Opportunity
Executive Summary
3 Lots that can be purchased individually or together. Lot Breakdowns: Mechanic Shop with Garages, 2 Family Residence with Garages, and Fenced in Vacant Lot. Call for individual prices. $1,250,000 reflects the 2 Family Residence + Garages. The site offers multiple avenues for investors, owner-users, and developers seeking both immediate use and long-term upside. Ideal for automotive use/car dealer, contractor storage, fleet parking, or residential tenancy. Proximity to Newark Airport, Port Newark, Port Elizabeth, Route 280, & GSP.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$114,000
|
$2.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$114,000
|
$2.62
|
| Taxes |
$21,447
|
$0.49
|
| Operating Expenses |
$2,575
|
$0.06
|
| Total Expenses |
$24,022
|
$0.55
|
| Net Operating Income |
$89,978
|
$2.07
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $114,000 |
| Annual Per SF | $2.62 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $114,000 |
| Annual Per SF | $2.62 |
| Taxes | |
|---|---|
| Annual | $21,447 |
| Annual Per SF | $0.49 |
| Operating Expenses | |
|---|---|
| Annual | $2,575 |
| Annual Per SF | $0.06 |
| Total Expenses | |
|---|---|
| Annual | $24,022 |
| Annual Per SF | $0.55 |
| Net Operating Income | |
|---|---|
| Annual | $89,978 |
| Annual Per SF | $2.07 |
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per SF | $28.70 | Lot Size | 1.00 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 43,560 SF |
| Cap Rate | 7.20% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1964 |
| Zoning | MX2 - Mixed Use Commercial/Residential | ||
| Price | $1,250,000 |
| Price Per SF | $28.70 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.20% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 1.00 AC |
| Rentable Building Area | 43,560 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Zoning | MX2 - Mixed Use Commercial/Residential |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $714,000 (2026) | |
| Land Assessment | $474,100 (2026) | Annual Taxes | $21,447 ($0.49/SF) |
| Improvements Assessment | $239,900 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$474,100 (2026)
Improvements Assessment
$239,900 (2026)
Total Assessment
$714,000 (2026)
Annual Taxes
$21,447 ($0.49/SF)
Tax Year
2025
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Orange Industrial Park | 197 Park St
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