45 S 17Th St new Save Request In-Person Tour Request Virtual Tour
East Orange City,NJ 07018
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,999 sqft
Price per Sqft $54
MLS Listing ID 3976630
Style Fixer Upper
Bedrooms 2
Full Baths 4
Year Built 1930
Annual Tax Amount $15,849
Tax Year 2024
Lot Size 6,098 Sqft
Property Description
Introducing a Prime Investment Opportunity in a Highly Desirable Location! This captivating brick building offers exceptional versatility, serving both immediate commercial use and lucrative developmental prospects within the ARC-4 zoning district, as part of the Sussex Ave Redevelopment Plan. IMMEDIATE COMMERCIAL USE: The existing structure features sizable garages and multiple rooms, ideal for warehousing or office space, offering immediate rental income potential as you plan for future development. DEVELOPMENT POTENTIAL: With unapproved plans to convert the building into 14 residential units as of right, this property presents a significant opportunity to capitalize on the zoning benefits and strategic location. EXPANSION OPPORTUNITY: Consider expanding your investment by purchasing the adjacent city-owned property, where plans allow for the addition of 17 more residential units, further enhancing profitability. Positioned in a sought-after area with easy access to essential amenities, public transportation, and community facilities, making it attractive for both commercial tenants and future residents. Seize this unique opportunity to invest in a property offering both immediate commercial returns and substantial long-term development potential. Schedule a showing today to explore the endless possibilities this remarkable building holds for your portfolio!
Location
State NJ
County Essex
Interior
Heating Gas-Natural
Cooling See Remarks
Exterior
Exterior Feature Brick
Parking Features Garage Parking
Garage Spaces 2.0
Utilities Available All Underground
Roof Type Rubberized
Building
Sewer Public Sewer
Water Public Water