BP Gas Station

For Sale

471 Martin Luther King Boulevard, East Orange, NJ 14052

This East Orange property for sale is located at 471 Martin Luther King Boulevard. The current listed sale price for BP Gas Station is $1,981,855. BP Gas Station is situated on a lot that is 0.66 acre in size.

Contacts

broker

Brandon Hanna

Encore Real Estate Investment Services

(248) 702-0290

Property Details

  • Property Type Retail - Street Retail
  • Property Size 651 SF
  • Lot Size 0.66 Acre
  • Year Built 1996
  • Date Updated Dec 19, 2023
East Orange is a city in Essex County, New Jersey. As of the 2020 United States census, the city's population was 69,612, an increase of 5,342 (+8.3%) from the 2010 census count of 64,270. The city was the state's 17th most populous municipality in 2020, after having been ranked 20th in 2010 and 14th statewide in 2000. The Census Bureau's Population Estimates Program calculated that the city's population was 68,446 in 2022, ranking the city the 553rd-most-populous in the country. Portions of the city are part of an Urban Enterprise Zone (UEZ), one of 32 zones covering 37 municipalities statewide. East Orange was selected in 1996 as one of a group of seven zones added to participate in the program. In addition to other benefits to encourage employment and investment within the UEZ, shoppers can take advantage of a reduced 3.3125% sales tax rate (half of the 6+5⁄8% rate charged statewide) at eligible merchants. Established in June 1996, the city's Urban Enterprise Zone status expires in June 2027. The main commercial avenues of the city are Central Avenue and Main Street, both of which flow east to west, the latter of which was disturbed by the construction of Interstate 280. Recent efforts have been made to revitalize the commercial area, especially along Main Street and Evergreen Place. New apartments buildings & commercial space have been proposed and built over the last decade. Along South Harrison Street, new apartment buildings have gone up, while existing ones have been updated. The Garden State Parkway passes through the city, connecting Newark in the south to Bloomfield in the north. The Parkway is accessible at Interchange 145 for Interstate 280 and at Interchange 147 for Springdale Avenue. Interstate 280 crosses the city from east to west, connecting Orange to the west and Newark to the east..

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Highlights

  • Absolute NNN – (Fee Simple) Ground Lease with Zero Landlord Responsibilities
  • Corporate Guaranty from BP Corp. (S&P A-). Long Term Occupancy at subject site with Attractive 15%Rental Increases Every 5 Years
  • Strategically Located off the I-280 Exit Ramps | Traffic Counts Exceed 207,900 Near the I-280 Exit Ramp Along Garden State Parkway
  • Excellent Visibility with Frontage and Signage Along Main Street. Easily Accessible with Multiple Points of Ingress/Egress
  • Located 8 Miles From Newark Liberty International Airport, 24 Miles From La Guardia Airport and 32 Miles From John F. Kennedy International Airport
  • Densely Populated Area with Over 419,000 People Within a 3-Mile Radius of the Subject Property | Estimated Population Growth of 6% Within the Next 5 Years

Getting around

  • 91/100

    Walk Score ®

  • 63/100

    Transit Score ®

  • 52/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City East Orange, NJ
  • Neighborhood East Orange
  • Zip Code 14052
  • Market New Jersey

Points of Interest

  • Brick Church

    0.13 miles

  • East Orange

    0.38 miles

  • Orange

    0.99 miles

  • Highland Avenue

    1.43 miles

  • Watsessing Avenue

    1.54 miles

  • Park Avenue

    1.71 miles

  • Grove Street

    1.81 miles

  • Bloomfield Avenue

    1.93 miles

  • Orange Street

    1.93 miles

  • Mountain Station

    2.03 miles

  • Shell

    1.29 miles

  • Delta Gas Station

    1.45 miles

  • Silver Lake Pit Stop

    2.17 miles

  • Exxon

    2.92 miles

  • Lukoil

    2.94 miles

  • Shell

    2.96 miles

  • Speedway

    3.04 miles

  • Exxon

    3.11 miles

  • Exxon

    3.47 miles

  • BP

    3.49 miles

  • Visitor Parking

    1.62 miles

  • Lot 9

    2.19 miles

  • Parking Deck

    2.31 miles

  • Lot 18

    2.31 miles

  • Lot 16

    2.34 miles

  • Lot 12

    2.36 miles

  • Science and Technology Parking Garage

    2.36 miles

  • Lot 12C

    2.39 miles

  • Lot 12B

    2.39 miles

  • Lot 7

    2.53 miles

  • Dunkin' Donuts

    1.30 miles

  • Taco Bell

    1.32 miles

  • Star Tavern

    1.34 miles

  • Avenue Pizza

    1.70 miles

  • Royal Taste Caribbean Restaurant

    1.81 miles

  • Roberto's Pizza Cafe

    2.08 miles

  • McDonald's

    2.13 miles

  • B London

    2.15 miles

  • China Town

    2.16 miles

  • Wasi Food

    2.16 miles

  • ShopRite

    0.15 miles

  • 3 Sisters Grocery & Supermarket

    1.30 miles

  • Food Depot Supermarket

    1.93 miles

  • Stop & Shop Plaza

    2.05 miles

  • Stop & Shop

    2.07 miles

  • Marshalls

    2.08 miles

  • ShopRite

    2.55 miles

  • Eden Gourmet

    2.61 miles

  • Nino's Grocery Store

    2.70 miles

  • Macy's

    2.82 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Brandon Hanna

Encore Real Estate Investment Services

(248) 702-0290