47 Park Ave, West Orange Twp., NJ 07052
47 Park Ave, West Orange Twp., NJ 07052
47 Park Ave, West Orange Twp., NJ 07052
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$950,000
Est. payment /mo
4,500 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $211

MLS Listing ID 4052891

Year Built 1876

Annual Tax Amount $17,321

Tax Year 2025

Property Description

Welcome to this highly visible income-producing professional office building located at the corner of Park Ave and Main Street in the heart of West Orange. This remarkable location is home to a 3-story Victorian-style commercial building, featuring 8 separate office spaces, an unfinished basement and its own on-site parking lot. The property is currently fully occupied by an established tenant base. Month-to-month tenancy has intentionally been maintained to provide a purchaser with maximum flexibility, whether acquiring the property strictly as an investment or offering an owner-user the flexibility to occupy space while retaining existing income. Most existing tenants have expressed an interest in remaining and entering longer-term leases. Conveniently located near Route 280, the Garden State Parkway and public transportation offering easy access to NYC. Prime opportunity to own a professional building at such a prominent location with a current cap rate of 6.66%. Building and parking lot are being sold as-is. Buyer to perform their due diligence and verify accuracy of information.

Location

State NJ

County Essex

Zoning Commercial

Rooms

Basement Full, Unfinished

Interior

Heating Gas-Natural

Cooling Central Air, Window A/C(s)

Equipment Restrooms - Private

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum, Wood

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Garage No

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple


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Garden State MLS(GSMLS)
Listed by BHG REALTY CONNECT

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Name

Name

Phone*

Phone

Message

Message
Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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47 Park Ave