About 50 Park Ave
Located at the bustling intersection of Park Ave and N 16th in East Orange, this commercial property presents a lucrative opportunity for investors and developers alike. Comprising two adjacent lots at 50 Park Ave and 44 Park Ave (13400 sqft), this corner lot boasts high visibility and exposure, making it an ideal spot for a range of businesses. Currently operating as an automobile repair shop.Zoned as Commercial 4A, versatile usage options: retail, office space, service-oriented. Situated at a prominent intersection, the property benefits from heavy foot and vehicle traffic, ensuring maximum exposure for any business venture. Development Potential: In addition to its current use, the property holds significant development potential. With plans in progress to obtain a residential permit for a 16-unit building, investors have the opportunity to capitalize on the burgeoning demand for housing in the area. The corner lot configuration offers maximum visibility and accessibility, making it an attractive location for businesses seeking to establish a strong presence in the community. #Buyer is responsible for conducting their own due diligence about zoning & development. Don't miss out on this exceptional opportunity to invest in a prime commercial property.
Features of 50 Park Ave
| MLS® # | 3890366 |
|---|---|
| Price | $1,050,000 |
| Acres | 0.21 |
| Year Built | 1931 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 50 Park Ave |
|---|---|
| City | East Orange City |
| County | Essex |
| State | NJ |
| Zip Code | 07017-5244 |
Amenities
| Utilities | See Remarks |
|---|---|
| Parking | Parking Lot-Exclusive |
Interior
| Heating | None |
|---|---|
| # of Stories | 1 |
| Has Basement | No |
Exterior
| Exterior | See Remarks |
|---|---|
| Roof | See Remarks |
Additional Information
| Date Listed | March 12th, 2024 |
|---|---|
| Days on Market | 50 |
| Zoning | Commercial |
Listing Details
| Office | EXP REALTY, LLC |
|---|---|
| Office Contact | 908-342-4662 |