House Description

Accessible by Public Transportation: The property is well-connected to public transit, with NJ Transit bus and train stations just minutes away. Ideal for businesses that rely on foot traffic or customers who rely on public transportation. Growing Neighborhood: Located in a community-oriented, residential neighborhood that is currently experiencing revitalization. This offers the opportunity for businesses to become a cornerstone of a growing area. It's an excellent spot for service-based businesses like cafes, small retail, or office space. Versatile Commercial Zoning: The property is zoned for commercial use, offering flexibility for a variety of business types, including retail, office, or light industrial. The zoning may also allow for mixed-use development, which could add value if you're considering expanding into residential units or combining business and living space. Potential for Growth: With ongoing community events such as farmers markets and parades, the neighborhood is becoming increasingly popular. This could lead to a growing demand for local businesses, offering excellent opportunities for long-term growth and customer retention. Competitive Rental Rates: Compared to neighboring cities like Newark and Montclair, East Orange offers competitive commercial rental rates, which could be attractive to startups and small businesses looking to minimize overhead costs. Prime Location with High Visibility: Situated on Washington Street.

Highlights

Listed by JASON BOBB , MP EXIT PLATINUM REALTY , 973-746-4777. Garden State MLS

Property Type

Commercial Sale

Year Built

1910

County

Essex

Listing ID

3982851

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Payment Breakdown

Principal Interest

$6,616

Taxes

$1,338

Home Price

$1,300,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$260,000

Down Payment

Down Payment %

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Monthly Price:

$6,615.97

Principal

Taxes