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Looking for a great investment opportunity in the thriving community of East Orange and Orange, New Jersey? Look no further than this commercial property package deal! With a total of 39,900 square feet spread across three separate lots (Lot 923 Block 7.01 and 11.01 in East Orange and Lot Block 903 Lot 16 in Orange), this property offers a wide range of income-generating possibilities. Currently, the property features dozens of individual garages, a mechanic shop, and ample parking for dozens of vehicles. The property is almost fully rented out to tenants on a month-to-month basis, bringing in just under $8,000 per month. There is still room to raise rents and increase revenue, making this an excellent opportunity for investors looking for a cash cow. Whether you're looking to develop this property or continue to enjoy its steady stream of rental income, this commercial package deal is not to be missed. Don't wait - schedule a showing today and see the potential for yourself!
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Copyright © 2022 Garden State Multiple Listing Service, L.L.C. All rights reserved. Updated: 8th June, 2023 5:28 AM (UTC)
The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
Copyright © 2022 Garden State Multiple Listing Service, L.L.C. All rights reserved. Updated: 8th June, 2023 5:28 AM (UTC)
Listing Office: KELLER WILLIAMS CITY VIEWS REALTY