470 Prospect Avenue, West Orange, New Jersey 07052-4153

Essex County, West Orange, New Jersey 07052

$2,825,000  

Listing ID Number

24869

Property Description

Cushman & Wakefield has been retained, on an exclusive basis, to sell 470 Prospect Ave, West Orange NJ 07052. The three story office building is located in the heart of West Orange’s retail corridor on the intersection of Prospect Avenue and Rooney Circle.

The building is situated on approximately 36,154 square foot lot and features approximately 16,500 SF of professional office space and 45 surface parking spots. The property has been historically fully occupied, with current occupancy approaching 100%.

Subject property is located in B-2 District, General Business tax zone, and it is at the center of a well developed transportation network, which connects it to the other boroughs in New Jersey, NYC, and Newark International Airport. It is in close proximity to I-280, Route 10, and the Garden State Parkway.

Overview

Building Type:Commercial Buildings
Location:470 Prospect Avenue, West Orange, NJ
Lot Dimensions:72 X 260
Lot Sq Ft:36,154 SF (approx.)
Stories:3 Stories
Zoning:B-2 District, General Business
Building Sq Ft:16,500 SF

Expenses

Real Estate Taxes:$68,706

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Dmitry Shaplyka
Director
(201) 508 5324
dmitry.shaplyka@cushwake.com

Aliaksandr Svetlakou
Senior Director
(718) 606 7062
alex.svetlakou@cushwake.com


Property Images

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Property Map


Aerial View


Tax Map

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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.