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Introducing a Prime Investment Opportunity in a Highly Desirable Location! This captivating brick building offers exceptional versatility, serving both IMMEDIATE COMMERCIAL USE: The existing structure features sizable garages and multiple rooms, 4 bathrooms 2 kitchenettes, with over 10,000 square feet, spread out between 3 floors, ideal for warehousing or office space, offering immediate rental income potential as you plan for future development. And DEVELOPMENT POTENTIAL: within the ARC-4 zoning district, as part of the Sussex Ave Redevelopment Plan. With unapproved plans to convert the building into 14 residential units as of right, this property presents a significant opportunity to capitalize on the zoning benefits and strategic location. EXPANSION OPPORTUNITY: Consider expanding your investment by purchasing the adjacent city-owned property, where plans allow for the addition of 17 more residential units, further enhancing profitability. Positioned in a sought-after area with easy access to essential amenities, public transportation, and community facilities, making it attractive for both commercial tenants and future residents. Seize this unique opportunity to invest in a property offering both immediate commercial returns and substantial long-term development potential. Schedule a showing today to explore the endless possibilities this remarkable building holds for your portfolio!
| DAYS ON MARKET | 1 | LAST UPDATED | 11/4/2025 |
|---|---|---|---|
| YEAR BUILT | 1930 | COMMUNITY | East Orange |
| GARAGE SPACES | 2.0 | COUNTY | Essex |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AREA | East Orange |
|---|---|
| CONSTRUCTION | Brick |
| GARAGE | Yes |
| HEAT | Natural Gas |
| LOT | 6098 sq ft |
| SEWER | Public Sewer |
| STYLE | Fixer Upper |
| TAXES | 15849 |
| UTILITIES | Underground Utilities |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with KELLER WILLIAMS VALLEY REALTY
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