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2-8 Central Ave 126,316 SF 5% Leased Industrial Building East Orange, NJ 07018 $12,000,000 ($95.00/SF)
EXECUTIVE SUMMARY
Ceiling Heights:
1stFloor: 15’
2nd Floor: 10’
3rd Floor: 10’
PROPERTY FACTS
| Price | $12,000,000 | Rentable Building Area | 126,316 SF |
| Price Per SF | $95.00 | No. Stories | 3 |
| Sale Type | Investment or Owner User | Year Built | 1930 |
| Property Type | Industrial | Parking Ratio | 0.39/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 18’ |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Lot Size | 0.99 AC | Opportunity Zone |
Yes
|
| Zoning | GC - Industrial/ Manufacturing | ||
| Price | $12,000,000 |
| Price Per SF | $95.00 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.99 AC |
| Rentable Building Area | 126,316 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 0.39/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 4 |
| Opportunity Zone |
Yes |
| Zoning | GC - Industrial/ Manufacturing |
AMENITIES
- Front Loading
- Mezzanine
- Yard
- Storage Space
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
This 3-story building, built in 1930 with system renovations in 2022, is serviced by a freight elevator & a driving ramp through all levels. Modernized infrastructure: New heating system; upgraded high efficiency, three-phase electrical system across all floors (manufacturing rated); small employee elevator near the office, and safety systems including partial updates made to the sprinkler. Opportunity Zone designation may appeal to investors seeking tax benefits.
This 3-story building, built in 1930 with system renovations in 2022, is serviced by a freight elevator & a driving ramp through all levels. Modernized infrastructure: New heating system; upgraded high efficiency, three-phase electrical system across all floors (manufacturing rated); small employee elevator near the office, and safety systems including partial updates made to the sprinkler. Opportunity Zone designation may appeal to investors seeking tax benefits.
This 3-story building, built in 1930 with system renovations in 2022, is serviced by a freight elevator & a driving ramp through all levels. Modernized infrastructure: New heating system; upgraded high efficiency, three-phase electrical system across all floors (manufacturing rated); small employee elevator near the office, and safety systems including partial updates made to the sprinkler. Opportunity Zone designation may appeal to investors seeking tax benefits.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 40,000 SF | Industrial | Full Build-Out | Now |
| 2nd Floor | 40,000 SF | Industrial | - | Now |
| 3rd Floor | 40,000 SF | Industrial | - | Now |
1st Floor
| Size |
| 40,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 40,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
3rd Floor
| Size |
| 40,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size | 40,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
This 3-story building, built in 1930 with system renovations in 2022, is serviced by a freight elevator & a driving ramp through all levels. Modernized infrastructure: New heating system; upgraded high efficiency, three-phase electrical system across all floors (manufacturing rated); small employee elevator near the office, and safety systems including partial updates made to the sprinkler. Opportunity Zone designation may appeal to investors seeking tax benefits.
2nd Floor
| Size | 40,000 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
This 3-story building, built in 1930 with system renovations in 2022, is serviced by a freight elevator & a driving ramp through all levels. Modernized infrastructure: New heating system; upgraded high efficiency, three-phase electrical system across all floors (manufacturing rated); small employee elevator near the office, and safety systems including partial updates made to the sprinkler. Opportunity Zone designation may appeal to investors seeking tax benefits.
3rd Floor
| Size | 40,000 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
This 3-story building, built in 1930 with system renovations in 2022, is serviced by a freight elevator & a driving ramp through all levels. Modernized infrastructure: New heating system; upgraded high efficiency, three-phase electrical system across all floors (manufacturing rated); small employee elevator near the office, and safety systems including partial updates made to the sprinkler. Opportunity Zone designation may appeal to investors seeking tax benefits.
PROPERTY TAXES
| Parcel Number | 05-00023-0000-00003 | Improvements Assessment | $2,252,800 |
| Land Assessment | $1,180,000 | Total Assessment | $3,432,800 |
PROPERTY TAXES
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2-8 Central Ave
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