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466-472 Central Ave
East Orange, NJ 07018
Central Plaza · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- 6.75% cap on in-place income
- Recently renovated property
- NNN leases and most with scheduled rent increases
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,305 SF
Building Class
B
Year Built/Renovated
1919/2014
Price
$3,425,000
Price Per SF
$368.08
Cap Rate
6.75%
NOI
$231,192
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.74
Lot Size
0.29 AC
Zoning
C3 highway commercial
Frontage
91’ on Central Ave
AMENITIES
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 05-00520-0000-00018 | Improvements Assessment | $1,560,100 |
| Land Assessment | $419,000 | Total Assessment | $1,979,100 |
PROPERTY TAXES
Parcel Number
05-00520-0000-00018
Land Assessment
$419,000
Improvements Assessment
$1,560,100
Total Assessment
$1,979,100
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