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13-27 Scotland Rd
South Orange, NJ 07079

Price Upon Request

Storefront Retail Residential For Sale  •  15,000 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 15,000 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1940
  • Tenancy Multiple
  • Zoning B-A1
0 Transit Score
93 Walk Score

Highlights

Opportunity to purchase a mixed-use investment comprising 15 multifamily units and five retail spaces.
One block to South Orange Train Station with one-seat access to New York Penn Station in under 30 minutes.
In-place average residential rent is $1,048 per month with 70% upside to $1,500 per month.
Seton Hall University, located 0.6 miles away, attracts people from the entire region and benefits the retail tenancy on the ground floor.
Numerous recently completed development projects nearby, including a 110-unit apartment building directly adjacent to 13-27 Scotland Road.

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
South Orange (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 0 min 3 min 0.2 mi
Mountain Station (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 3 min 16 min 0.9 mi
AirportDriveWalkDistance
Newark Liberty International 16 min - 8.7 mi
Laguardia 50 min - 28.0 mi
Andrew Schwartz 973-292-4624 Cushman & Wakefield
Andrew Schwartz 973-292-4624 Cushman & Wakefield