Date
Details
Price
Change
Source
5/29/2026
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$575,000 Just Listed
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Property Description
Great commercial property on the corner of Wallace St and N Center St with excellent visibility and easy access, features a private office, waiting area, lavatory, two vehicle lifts, and space for 8?10 cars. Plenty of parking and ideal for automotive or service-related businesses. Perfect opportunity for an investor or future owner-user looking for a well-located income-producing property. Currently tenant-occupied and generating $5,000 per month in rental income.
Full Property Details
Full Property Details for 256 Wallace St
General
- Price: $575,000
- Taxes: $6,045 (2025)
- Status: Active
- Type: Retail
- Source: Garden_State
- MLS ID: 4031009
- Updated: 5/30/2026
- Added to Site: 1 day(s) ago
Business
- Includes: Equipment
Rooms
Bathrooms
- Total Bathrooms: 1
- Restrooms: 1
Additional Information
- Equipment: Lifts, Restrooms - Public, Storage Area(s)
Parking
- Parking: Blacktop, Driveway-Exclusive, Fencing, Parking Lot-Exclusive
Location
- County: Essex
- Driving Directions: on the corner of N Center St and Wallace
- Location Details: Business District, Corner, Freestanding
Heating & Cooling
- Cooling Type: 1 Unit, Window A/C(s)
- Heating Type: Baseboard - Hotwater
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Gas In Street, Natural Gas
Structural Information
- Construction: Formed Concrete
- Exterior Const.: Brick/Block, Concrete
- Roof: Asphalt Shingles
- Ceiling Height: 45
- Door Dimensions: 1
- # Loading Docks: 2
- Bays: 2
- Stories in Building: 1
- Square Feet: 1,024
- Aprox. Leasable: 5,000 Sq. Ft.
- Office: 150 Sq. Ft.
- Year Built: 1929
Lot Features
- Lot Size (Acres): 0.11
- Lot Size: 5000 SF
- Zoning: yes
Financial Considerations
- Assessment Amount: $150,000
- Land Assmt: $75,000
- Tax Amount: $6,045
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Building Plans, Financial Statement, Income & Expenses, See Remarks
- APN: 1617-01904-0000-00002-0000-
- Block: 1904
- Lot Number: 2
Listed by Re/Max Select
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— 256 Wallace St —
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Price & Sales History for 256 Wallace St
Tax History
Tax History for 256 Wallace St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,865
13%
$150,000
—
2022
$5,199
-21%
$150,000
—
2021
$6,583
—
$150,000
32%
2021
$6,583
11%
$113,900
—
2018
$5,957
7%
$113,900
—
2017
$5,547
2%
$113,900
—
2016
$5,442
3%
$113,900
—
2015
$5,300
-12%
$113,900
—
2019
$6,054
-3%
$113,900
-32%
2013
$6,247
—
$168,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 256 Wallace St
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Sold by Century 21 Alliance Realty
256 Wallace St, Orange, NJ 07050 (MLS# 4031009) is a Retail property. 256 Wallace St is currently listed for $575,000 and was received on May 29, 2026. Want to learn more about 256 Wallace St? Do you have questions about finding other Retail real estate for sale in Orange? You can browse all Orange real estate or contact a Coldwell Banker agent to request more information.