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$1,299,999
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Property Description
Property Zone as B-2 Medical use is permitted however any approvals must be obtained through the new business application process. Medical use parking requirements apply to each medical use and must be clearly documented within the township application.Ideally situated in the heart of West Orange, this professional office property offers a prime location with excellent visibility, modernamenities, and convenient access to major highways and public transit. 500 Prospect Avenue is a sizable property of 7,046 square feetspread across two stories. Built in 1984 and meticulously maintained, this office property features a clean, modern fa ade accented byabundant windows that flood the interior with natural light. The building is situated on 0 .12 acres and offers 20 parking spaces for bothemployees and visitors. The property is divided into four suites ranging from 814 to 3,116 square feet. Currently, two of the suites areoccupied, presenting strong value-add potential through lease-up of the remaining space. Thanks to flexible B-2 zoning, a wide variety oftenant types can be accommodated, giving investors multiple leasing strategies. Alternatively, buyers may choose to occupy part of thespace for their own business while generating income e from the existing tenants.Property Sold AS IS
Full Property Details
Full Property Details for 500 Prospect Ave
General
- Price: $1,299,999
- Taxes: $33,256 (2024)
- Status: Active
- Type: Office
- Source: Garden_State
- MLS ID: 3994923
- Updated: 1/7/2026
- Added to Site: 113 day(s) ago
Business
- Includes: Building & Land
Rooms
Bathrooms
- Total Bathrooms: 4
- Restrooms: 4
Additional Information
- Equipment: Furniture, Office Equipment, Smoke Detector
Parking
- Parking: Blacktop, Concrete, Off-Street Parking
Location
- County: Essex
- Driving Directions: Easy access from Rt 280 on Prospect Ave
- Location Details: Corner, See Remarks
Heating & Cooling
- Cooling Type: 4+ Units, Central Air Conditioning
- Heating Type: 4+ Units, Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Gas In Street
Structural Information
- Construction: Wood
- Exterior Const.: Brick, ConcBrd
- Basement: Yes
- Basement Desc.: Finished, Finished-Partially
- Roof: Asphalt Shingles
- Stories in Building: 2
- Square Feet: 7,046
- Aprox. Leasable: 4,764 Sq. Ft.
- Office: 7,500 Sq. Ft.
- Year Built: 1984
Lot Features
- Lot Size: 50X100-50X100 IRR
- Zoning: B2- Office
Financial Considerations
- Assessment Amount: $261,000
- Land Assmt: $100,000
- Tax Amount: $33,256
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses, No Documents Available
- APN: 1622-00083-0000-00019-0000-
- Block: 83
- Lot Number: 19
Listed by Capc Brokerage Llc
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Schools
Schools serving 500 Prospect Ave
School District:West Orange Town School District
| Name | Grades | Distance |
|---|---|---|
West Orange High School 51 Conforti Avenue, West Orange, NJ 07052 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 500 Prospect Ave
Date
Details
Price
Change
Source
10/28/2025
Listed
$1,299,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 500 Prospect Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$33,256
2%
$261,000
-63%
2023
$32,646
4%
$710,000
—
2022
$31,503
2%
$710,000
—
2021
$30,913
34%
$710,000
—
2021
$23,028
-22%
$710,000
—
2019
$29,543
3%
$710,000
—
2018
$28,670
1%
$710,000
—
2017
$28,301
2%
$710,000
—
2016
$27,619
2%
$710,000
—
2015
$27,101
5%
$710,000
—
2013
$25,901
—
$710,000
—
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 500 Prospect Ave
500 Prospect Ave, West Orange Township, NJ 07052 (MLS# 3994923) is a Office property. 500 Prospect Ave is currently listed for $1,299,999 and was received on October 28, 2025. Want to learn more about 500 Prospect Ave? Do you have questions about finding other Office real estate for sale in West Orange Township? You can browse all West Orange Township real estate or contact a Coldwell Banker agent to request more information.

