47 Park Ave, West Orange, NJ 07052

  • Active

 $950,000

  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • 4,284 Sq.Ft.
  • Commercial
  • Active
  • MLS# 4052891
  • Sold On
  • Rental
0 More Schedule
Source MLS Verified

PROPERTY DESCRIPTION

Welcome to this highly visible income-producing professional office building located at the corner of Park Ave and Main Street in the heart of West Orange. This remarkable location is home to a 3-story Victorian-style commercial building, featuring 8 separate office spaces, an unfinished basement and its own on-site parking lot. The property is currently fully occupied by an established tenant base. Month-to-month tenancy has intentionally been maintained to provide a purchaser with maximum flexibility, whether acquiring the property strictly as an investment or offering an owner-user the flexibility to occupy space while retaining existing income. Most existing tenants have expressed an interest in remaining and entering longer-term leases. Conveniently located near Route 280, the Garden State Parkway and public transportation offering easy access to NYC. Prime opportunity to own a professional building at such a prominent location with a current cap rate of 6.66%. Building and parking lot are being sold as-is. Buyer to perform their due diligence and verify accuracy of information.

Property Details

General

  • County: Essex
  • Year Built: 1876
  • Sq. Ft.: 4,284
  • Lot Size: 76X122 REAR IRR
  • Garage/Parking Spaces: 13.00

Financial Considerations

  • Tax Amount: $17,321
  • Tax Year: 2025

Activity

  • Days On Market: 40
  • List Date: 09/14/2026
 

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