310 Central Ave - Commercial LAND FOR SALE


Orange, NJ 07050 21,780 SF
$1,350,000 USD
201-742-6132
310 Central Ave, Orange, NJ for Sale
$1,350,000 USD
Commercial LAND - FOR SALE
1/2
21,780 SF

310 Central Ave
Orange, NJ 07050


HIGHLIGHTS

  • MX-1 Zoning allows low and mid rise multi-family development
  • 50 unit maximum unit count, as of right
  • Property dimensions are 75’x292’
  • Orange is a strong multi-family market with rent control regulations that are landlord friendly
  • Site has easy access to all NJ destinations via I-280 and the graden state parkway.

OVERVIEW

Marcus & Millichap is pleased to present the multi-family development site located at 301 Central Avenue, Orange, Essex County, New Jersey. The legal description is Block 4201: Lot 3, which is a 0.5-acre or 21,873 square feet (75’x292’), rectangular shaped parcel, zoned MX-1. It is in an opportunity zone, immediately across the street from the southern border of the Central Orange Redevelopment plan. Zoning allows for low density residential and neighborhood commercial development.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/ACRE

$2,700,000/AC

PRICE/SF

$62 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Multi-Family, Apartment Units, Apartment Units - Condo, Community Center, Medical, Religious Facility, Schools, Single Family Development

LAND ACRES

0.5 AC

LAND SF

21,780 SF

OFFSITE IMPROVEMENTS

-

ZONING

MX-1

APN/PARCEL ID

17-04201-0000-00003

ASK ABOUT THIS PROPERTY

Kevin TaubMarcus & MillichapMore Info
201-742-6132

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Kevin TaubMarcus & MillichapMore Info
201-742-6132

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.