671 Park Ave - Retail FOR SALE


East Orange, NJ 07017
$759,000 USD
646-344-9964
671 Park Ave, East Orange, NJ for Sale
$759,000 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

671 Park Ave
East Orange, NJ 07017


HIGHLIGHTS

  • Turnkey Fit-out for Early Childcare/Daycare Use
  • Versatile Floor Plan Utility | 3 Levels + Basement
  • Secured/Fenced-In Outdoor Playground
  • R-O Zoning; High-Rise Multifamily; High-Rise Office
  • Park Ave Road Frontage
  • Immediate Access to Public Bus Transportation

OVERVIEW

Introducing 671 Park Ave, a 3-story Class C commercial property with overall site utility primed for early childhood learning/daycare use. The facility currently is licensed to operate as childcare 6 - 13 years on the 1st and 2nd floors only; 3rd floor and basement excluded. This free-standing frame/concrete combo structure offers new ownership an opportunity to acquire a turnkey facility inclusive of large open learning areas, private office space, restroom facility and emergency egress on each level, full size semi-finished basement and ample fenced-in playground area in the rear lot. Built in 1914, the site erected on a well-manicured 0.14 AC land parcel features 48' lot frontage with exposure along the county thoroughfare of Park Ave and immediate access to public bus transportation. Building Size excludes basement space. Property entails one on-site parking strip in front lot that accommodates 1-2 vehicles plus on-street parking. Daycare business is not for sale. Ownership open to assisting buyer navigate the application process for obtaining their own licensing.

FOR SALE DETAILS

PRICE

$759,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Three Stages Learning Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,142 SF

ZONING

R-O

APN/PARCEL ID

05-00801-0000-00024

ASK ABOUT THIS PROPERTY

Paul E. WashingtonColdwell Banker Commercial RealtyMore Info
646-344-9964

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Paul E. WashingtonColdwell Banker Commercial RealtyMore Info
646-344-9964

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