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310 Central Ave

0.5 Acres of Commercial Land Offered at $1,350,000 in Orange, NJ 07050

Commercial Land New Jersey Orange 310 Central Ave, Orange, NJ 07050

Investment Highlights

  • MX-1 Zoning allows low and mid rise multi-family development
  • Property dimensions are 75’x292’
  • Site has easy access to all NJ destinations via I-280 and the graden state parkway.
  • 50 unit maximum unit count, as of right
  • Orange is a strong multi-family market with rent control regulations that are landlord friendly

Executive Summary

Marcus & Millichap is pleased to present the multi-family development site located at 301 Central Avenue, Orange, Essex County, New Jersey. The legal description is Block 4201: Lot 3, which is a 0.5-acre or 21,873 square feet (75’x292’), rectangular shaped parcel, zoned MX-1. It is in an opportunity zone, immediately across the street from the southern border of the Central Orange Redevelopment plan. Zoning allows for low density residential and neighborhood commercial development.

Attachments

310 Central Avenue, Orange, NJ - OM

Property Facts

Price $1,350,000 Property Subtype Commercial
Sale Type Investment Proposed Use
Commercial
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Community Center
  • Medical
  • Religious Facility
  • Schools
  • Single Family Development
Sale Conditions Redevelopment Project Total Lot Size 0.50 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price $1,350,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Community Center
  • Medical
  • Religious Facility
  • Schools
  • Single Family Development
Total Lot Size 0.50 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $1,350,000 Lot Size 0.50 AC
Price Per AC $2,700,000
Price $1,350,000
Price Per AC $2,700,000
Lot Size 0.50 AC

A Unique 21,873 square foot multi-family development site, located less than half a mile from the Highland Avenue NJ Transit Train Station, and easily accessible to the Garden State Parkway and I-78.

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310 Central Ave, Orange, NJ - aerial map view
Walk Score ®
Very Walkable (84)
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PROPERTY TAXES

Parcel Number 17-04201-0000-00003 Improvements Assessment $9,500
Land Assessment $400,000 Total Assessment $409,500

PROPERTY TAXES

Parcel Number
17-04201-0000-00003
Land Assessment
$400,000
Improvements Assessment
$9,500
Total Assessment
$409,500

zoning

Zoning Code MX-1 (Low Density Residential and Neighborhood Commercial)
MX-1 (Low Density Residential and Neighborhood Commercial)
(201) 742-6132

  • Listing ID: 30346403

  • Date on Market: 12/12/2023

  • Last Updated:

  • Address: 310 Central Ave, Orange, NJ 07050

More public record information on 310 Central Ave, Orange, NJ 07050

The Land Property at 310 Central Ave, Orange, NJ 07050 is currently available For Sale. Contact Marcus & Millichap for more information.

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310 Central Ave
(201) 742-6132 x

310 Central Ave

Kevin Taub

(201) 742-6132

(201) 742-6132

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