Multifamily / Retail - Mixed Use Development Opportunity

For Sale

404 Central Avenue, East Orange, NJ 07018

This East Orange property for sale is located at 404 Central Avenue. The current listed sale price for Multifamily / Retail - Mixed Use Development Opportunity is $1,750,000. Multifamily / Retail - Mixed Use Development Opportunity is situated on a lot that is 0.39 acre in size.

Contacts

broker

Marcos Claudius

KW Commercial | Montclair, NJ

(201) 355-3103

Property Details

  • Property Type Other
  • Units 0
  • Lot Size 0.39 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Apr 25, 2024

We are pleased to present a Luxury Mixed Use development opportunity (Retail/Residential) at the heart of the commercial business district of East Orange, NJ.

The proposed development site is approximately 0.4 acres. An architectural and zoning study has been complete showing the feasibility (without variances) of a 5-story building with 39 residential units, approx. 2400 SF of retail store fronts, and 30 parking spaces to be equipped with electric vehicle charging capabilities. The suggested apartment unit mix includes (25) 1-bedroom units, (14) 2-bedroom units, gym, lounge, storage units. No plans have been submitted and any affordable housing requirements have not been determined. The proposed gross building area (GBA) is approximately 61,351 square feet including the lower level and parking garage. And the net rentable area (NRA) is proposed to be approximately 44,340 square feet.

Proposed Parking:

1 BR Parking Spaces = 25 * 0.5 = 13 spaces
2 BR Parking Spaces = 14 * 1 = 14 spaces
Total Required = 14 + 13 = 27 spaces
Total Proposed = 30 Parking Spaces

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Getting around

  • 85/100

    Walk Score ®

  • 57/100

    Transit Score ®

  • 55/100

    Bike Score ®

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Location

  • City East Orange, NJ
  • Neighborhood East Orange
  • Zip Code 07018
  • Market New Jersey

Points of Interest

  • East Orange

    0.44 miles

  • Brick Church

    0.57 miles

  • Orange

    1.29 miles

  • Highland Avenue

    1.51 miles

  • Park Avenue

    1.73 miles

  • Orange Street

    1.78 miles

  • Mountain Station

    1.84 miles

  • Norfolk Street

    2.01 miles

  • Watsessing Avenue

    2.04 miles

  • Bloomfield Avenue

    2.08 miles

  • Shell

    1.61 miles

  • Delta Gas Station

    1.86 miles

  • Silver Lake Pit Stop

    2.58 miles

  • Lukoil

    2.80 miles

  • Exxon

    2.90 miles

  • Speedway

    2.91 miles

  • Delta

    3.41 miles

  • Shell

    3.51 miles

  • Enrite

    3.60 miles

  • Mobil

    3.60 miles

  • Parking Deck

    1.88 miles

  • Lot 9

    1.95 miles

  • Visitor Parking

    2.06 miles

  • Lot 16

    2.11 miles

  • Science and Technology Parking Garage

    2.12 miles

  • Lot 18

    2.13 miles

  • Lot 12

    2.16 miles

  • Lot 12B

    2.19 miles

  • Lot 12C

    2.19 miles

  • Lot 5

    2.29 miles

  • Ramada by Wyndham East Orange

    0.39 miles

  • Comfort Suites Newark - Harrison

    2.69 miles

  • Courtyard by Marriott Downtown Newark

    2.86 miles

  • Hotel Indigo Newark Downtown

    2.87 miles

  • Hampton Inn

    2.87 miles

  • Best Western Robert Treat Hotel

    2.91 miles

  • TRYP Newark

    2.92 miles

  • Hilton

    3.15 miles

  • Courtyard by Marriott West Orange

    3.26 miles

  • Cambria Hotel West Orange

    3.32 miles

  • ShopRite

    0.65 miles

  • 3 Sisters Grocery & Supermarket

    0.76 miles

  • Food Depot Supermarket

    1.72 miles

  • Nino's Grocery Store

    2.17 miles

  • ShopRite

    2.20 miles

  • Eden Gourmet

    2.31 miles

  • Extra Super Market

    2.41 miles

  • Stop & Shop Plaza

    2.46 miles

  • Marshalls

    2.49 miles

  • Stop & Shop

    2.49 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

Marcos Claudius

KW Commercial | Montclair, NJ

(201) 355-3103