The Political Club | 538-540 Joyce
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The Political Club 538-540 Joyce
2,800 SF 100% Leased Office Building Orange, NJ 07050 $819,000 ($293/SF)
Executive Summary
Former social club, Bar, restaurant, and commercial property in a RDV zone Redevelopment Area (commercial/industrial/professional/ education and multifamily) Currently used as a residential 3 family and office. Can be used as is a 3 family residential or converted back to commercial/industrial/Medical and more.
Not your average 3 Family and Studio, just a 20 minute drive or train to NYC. Two complete houses side by side in one well built and updated building. Owner-occupy all, part, or full rental with future development possibilities. Have the flexibility to rent out what you don't use. Great duplex building with a deco vibe converted from A 1940s Social Club/Pub in 1 cool and unique home with 2 addresses and up to 2 units in each on a 140' deep lot . Great for a personal residence, a work from home professional office, and/or commercial studio or gallery. Add 3 to 6 units to the building or knock down and build more. 540 is a two story house currently with 2 nice one bedroom apartments with wall sconces, tile bath, new glass block windows and updated. (May also be 3br LR, DR, EIK & 2 bath or mother daughter house). 538 is a 1300 sq ft 2+BR 2Bath SoHo type split level house w/9 & 10' ceilings, patio, attic & basement, see floorplan. Located in a New Jersey Opportunity Zone.
Not your average 3 Family and Studio, just a 20 minute drive or train to NYC. Two complete houses side by side in one well built and updated building. Owner-occupy all, part, or full rental with future development possibilities. Have the flexibility to rent out what you don't use. Great duplex building with a deco vibe converted from A 1940s Social Club/Pub in 1 cool and unique home with 2 addresses and up to 2 units in each on a 140' deep lot . Great for a personal residence, a work from home professional office, and/or commercial studio or gallery. Add 3 to 6 units to the building or knock down and build more. 540 is a two story house currently with 2 nice one bedroom apartments with wall sconces, tile bath, new glass block windows and updated. (May also be 3br LR, DR, EIK & 2 bath or mother daughter house). 538 is a 1300 sq ft 2+BR 2Bath SoHo type split level house w/9 & 10' ceilings, patio, attic & basement, see floorplan. Located in a New Jersey Opportunity Zone.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,800 SF
Building Class
C
Year Built/Renovated
1942/1995
Price
$819,000
Price Per SF
$293
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,000 SF
Building FAR
0.35
Land Acres
0.18 AC
Opportunity Zone
Yes
Zoning
D1 - Industrial Zone and Redevelopment Area
Parking
8 Spaces (2.86 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (85)
-
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The Political Club | 538-540 Joyce
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