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540-548 Central Ave
East Orange, NJ 07018

Price Upon Request

General Retail For Sale  •  15,202 SF

Property Details

  • Property Type General Retail
  • Total Building Size 15,202 SF
  • Lot Size 0.48 AC
  • Building Class C
  • Year Built 1937
  • Tenancy Multiple
59 Transit Score
86 Walk Score

Highlights

Property tour will be available December 5th @ 10 AM- 12 PM - Please contact the brokerage team.
Single-story 15,202-rentable-square-foot retail center located along a major commercial corridor in East Orange, New Jersey.
Situated right off the Garden State Parkway and I-280, this property benefits from high visibility and accessibility to nearly 20,000 daily vehicles.
Property is located within an Opportunity Zone, providing substantial tax incentives and making it an attractive investment opportunity.
Anchored by T-Mobile, the asset is 87% occupied by tenants on NNN leases, with built-in rental increases offering significant value-add potential.
In the Urban Essex retail submarket, which has a low vacancy rate of 3.4%, with rents increasing by 6.4% over the past three years.

Amenities

  • Bus Line
  • Freeway Visibility
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Brick Church (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 1 min 8 min 0.5 mi
East Orange (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 2 min 17 min 0.9 mi
AirportDriveWalkDistance
Newark Liberty International 14 min - 8.4 mi
Laguardia 45 min - 29.7 mi
John F Kennedy International 54 min - 32.5 mi
Dean Matuszewicz 201-742-6100 Marcus & Millichap
Dean Matuszewicz 201-742-6100 Marcus & Millichap