Multifamily / Retail - Mixed Use Development… — Sale in East Orange, NJ
- Price: $1.8M
- Listing type: For sale
- Asset type: Multifamily Property
- Location: East Orange, NJ 07018
Photos
Description
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 Land Size: 0.39 Ac | Listing Type: FOR SALE
Market Context
This multifamily in East Orange, NJ is listed for sale at $1,750,000. Compare it against other multifamily listings for sale in East Orange, NJ — view the full market.
Contact
- Marcos Claudius, CCIM — KW Commercial | Harrisburg West · mclaudius@kwcommercial.com
- Marcos Claudius, CCIM · mclaudius@kwcommercial.com
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