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498-500 Orange St
Newark, NJ 07103

$9.00 - $20.00 USD/SF/YR

Flex For Lease  •  5,000+ SF

Property Details

  • Property Type Flex
  • Year Built 1950
  • Total Building Size 10,000 SF
  • Tenancy Multiple
  • Building Class C
  • Zoning Commercial,Business
70 Transit Score
80 Walk Score

2 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste Flex 5,000-7,800 SF $9.00 USD/SF/YR
Previous build out and use as retail pharmacy. 5,000 sq ft combined with basement. Additional 2800 sq ft located on second floor built out for medical use, but can be used for office or other type of use. Secured gated parking for 15+ cars on site. Negotiable. Option to purchase at later time or for current offer 1.6M.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
2nd Floor Ste 1 Office 2,000 SF $20.00 USD/SF/YR
Currently built out for medical office but can easily be converted for use.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet

Description

Former bank building, pharmacy retail and medical. Can be converted to different types of use. 1st floor retail - approx 3500 sq ft.w/ storage or alternate use in basement. 2nd floor office space is currently built out for medical, but can be converted. Suite 1 - approx 2000 sq ft. available. Suite 2 approx 900 sq ft available. Approximately 12+ secure gated parking. Billboard on property that is currently leased out.  Currently 1 tenant in building - physical therapy. Owners motivated to work/partner with a tenant to find a good long term use that is a win/win. Possibilities include: shared office space, spa, drop shipping, retail, medical, event space, gym, etc. Option to buy on table with firm price at 1.55M.

Highlights

Heavy drive by traffic

Public Transportation

Commuter RailDriveWalkDistance
East Orange (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 2 min - 1.2 mi
Newark Broad Street (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 2 min - 1.2 mi
Transit/SubwayDriveWalkDistance
Orange Street (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail)) 1 min 8 min 0.5 mi
Park Avenue (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail)) 1 min 12 min 0.7 mi
Norfolk Street (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail)) 2 min 18 min 1.0 mi
AirportDriveWalkDistance
Newark Liberty International 12 min - 6.9 mi
Laguardia 41 min - 27.7 mi
John F Kennedy International 50 min - 30.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Surface
Included in Rent: Yes
Jason Joseph 551-254-4664 UPJ Reality LLC
Jason Joseph 551-254-4664 UPJ Reality LLC