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540-548 Central Ave
East Orange, NJ 07018
High Density Retail Near NYC · Retail Property For Sale
Investment Highlights
- Property tour will be available December 5th @ 10 AM- 12 PM - Please contact the brokerage team.
- Situated right off the Garden State Parkway and I-280, this property benefits from high visibility and accessibility to nearly 20,000 daily vehicles.
- Anchored by T-Mobile, the asset is 87% occupied by tenants on NNN leases, with built-in rental increases offering significant value-add potential.
- Single-story 15,202-rentable-square-foot retail center located along a major commercial corridor in East Orange, New Jersey.
- Property is located within an Opportunity Zone, providing substantial tax incentives and making it an attractive investment opportunity.
- In the Urban Essex retail submarket, which has a low vacancy rate of 3.4%, with rents increasing by 6.4% over the past three years.
Property Facts
Property Type
Retail
Building Size
15,202 SF
Building Class
C
Year Built
1937
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.73
Lot Size
0.48 AC
Frontage
135’ on Central Ave
Amenities
- Bus Line
- Freeway Visibility
- Signage
Property Taxes
| Parcel Number | 05-00700-0000-00049 | Improvements Assessment | $1,573,100 |
| Land Assessment | $733,500 | Total Assessment | $2,306,600 |
Property Taxes
Parcel Number
05-00700-0000-00049
Land Assessment
$733,500
Improvements Assessment
$1,573,100
Total Assessment
$2,306,600
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