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44 Park Ave
East Orange, NJ 07017
Retail Property For Sale
Investment Highlights
- Prime Location: Situated at the busy intersection of Park Ave and N 16th in East Orange, offering excellent visibility and heavy foot/vehicle traffic.
- Existing Income Stream: Currently operating as an automobile repair shop, generating steady income for immediate returns.
- Two Adjacent Lots: Totaling 13,500 sqft, the two lots at 50 Park Ave and 44 Park Ave provide ample space for expansion or redevelopment.
- Versatile Zoning: Zoned Commercial 4A, allowing for various uses such as retail, office space, or service-oriented businesses.
- Development Potential: Significant potential with plans in progress for a residential permit, allowing for a 16-unit building, capitalizing on growing
- Strategic Corner Lot: The property’s corner positioning offers maximum visibility and accessibility, making it a prime location for businesses looking
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,399 SF
Building Class
C
Year Built
1931
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.21 AC
Zoning
Commercial 4A - Commercial
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
105’ on Park Ave
Amenities
- Fenced Lot
- Pylon Sign
Property Taxes
| Parcel Number | 05-00073-0000-00001 | Improvements Assessment | $133,300 |
| Land Assessment | $144,000 | Total Assessment | $277,300 |
Property Taxes
Parcel Number
05-00073-0000-00001
Land Assessment
$144,000
Improvements Assessment
$133,300
Total Assessment
$277,300
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