45 S 17Th St, East Orange City, NJ 07018
- 2 beds |
- 4 baths
Multi-Family Home
Built in 1930
6,098sqft lot
2 car garage
$——/sqft
Listed 3 days ago
Property Description
Introducing a Prime Investment Opportunity in a Highly Desirable Location! This captivating brick building offers exceptional versatility, serving both immediate commercial use and lucrative developmental prospects within the ARC-4 zoning district, as part of the Sussex Ave Redevelopment Plan. IMMEDIATE COMMERCIAL USE: The existing structure features sizable garages and multiple rooms, ideal for warehousing or office space, offering immediate rental income potential as you plan for future development. DEVELOPMENT POTENTIAL: With unapproved plans to convert the building into 14 residential units as of right, this property presents a significant opportunity to capitalize on the zoning benefits and strategic location. EXPANSION OPPORTUNITY: Consider expanding your investment by purchasing the adjacent city-owned property, where plans allow for the addition of 17 more residential units, further enhancing profitability. Positioned in a sought-after area with easy access to essential amenities, public transportation, and community facilities, making it attractive for both commercial tenants and future residents. Seize this unique opportunity to invest in a property offering both immediate commercial returns and substantial long-term development potential. Schedule a showing today to explore the endless possibilities this remarkable building holds for your portfolio!
- Listing Status:
- Active
- Listing Office:
- KELLER WILLIAMS VALLEY REALTY : 201-391-2500
- MLS ID:
- 3976630
- A/C: See Remarks
- Heating: See RemarksGas-Natural
This listing courtesy of KELLER WILLIAMS VALLEY REALTY
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Dionne Warwick Institute
120 Central Ave, East Orange, NJ, 07018
Grades PK-5
0.26 miles away
Cicely L. Tyson Community Middle/High School
35 Winans St, East Orange, NJ, 07017
Grades 6-12
0.98 miles away
Cicely L. Tyson Community Middle/High School
35 Winans St, East Orange, NJ, 07017
Grades 6-12
0.98 miles away