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197 Park Avenue, Orange, NJ 07050
$675,000
197 Park Avenue, Orange, NJ 07050View this property at 197 Park Avenue, Orange, NJ 07050
197 Park AvenueOrangeNJ07050
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Property Description
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!
Full Property Details
Full Property Details for 197 Park Ave
General
- Sold For: $675,000
- Taxes: $22,027
- Status: Closed
- Type: Industrial
- MLS ID: 23010888
- Added to Site: 402 day(s) ago
Rental Information
- Rent Includes: None
Location
- County: ESSEX
Heating & Cooling
- Heating/Cooling: Oil
Utilities
- Utility Description: Sep Elec, Sep Heat, Sep Water
Structural Information
- Architectural Style: Storage
- Description/Design: Industrial
Water Features
- Water Front Desc.: None
Financial Considerations
- For Sale/Rent/Lease: Sale
- Tax Amount: $22,027
Disclosures and Reports
- Ownership: Private
- Flood Zone: None
Listed and Sold by Keller Williams City Views Realty (201) 592-8900, John Freitag III (201) 694-4971
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Schools
Schools serving 197 Park Ave
School District:Orange Board Of Education
Rating | Name | Grades | Distance |
---|---|---|---|
135 Glenwood Ave, East Orange, NJ 07017 | PK-5 | 0.3 mi | |
Fresh Start Academy Middle School
135 Glenwood Ave, East Orange, NJ 07017 | PK-5 | 0.3 mi | |
Orange Early Childhood School
397 Park Ave, Orange, NJ 07050 | PK-PK | 0.4 mi | |
116 Hamilton St, East Orange, NJ 07017 | 7-7 | 0.8 mi | |
116 Hamilton St, East Orange, NJ 07017 | 7-7 | 0.8 mi | |
116 Hamilton St Bldg C, East Orange, NJ 07017 | 8-8 | 0.9 mi | |
Career and Innovation Academy Of Orange
123 Cleveland St, Orange, NJ 07050 | 9-12 | 0.4 mi | |
344 Prospect St, East Orange, NJ 07017 | 9-12 | 0.8 mi | |
Edmonson Alternative School
74 Halsted St, East Orange, NJ 07018 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 197 Park Ave
Date
Details
Price
Change
Source
1/17/2024
Sold
$675,000
-24.92%
MLS
4/15/2023
Listed
$899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
197 Park Avenue, Orange, NJ 07050 (MLS# 23010888) is a Industrial property that was sold at $675,000 on January 17, 2024. Want to learn more about 197 Park Avenue? Do you have questions about finding other Industrial real estate for sale in Orange? You can browse all Orange real estate or contact a Coldwell Banker agent to request more information.