45 S 17th StreetEast Orange, NJ 07018Price: $549,000

Introducing a Prime Investment Opportunity in a Highly Desirable Location! This captivating brick building offers exceptional versatility, serving both IMMEDIATE COMMERCIAL USE: The existing structure features sizable garages and multiple rooms, 4 bathrooms 2 kitchenettes, with over 10,000 square feet, spread out between 3 floors, ideal for warehousing or office space, offering immediate rental income potential as you plan for future development. And DEVELOPMENT POTENTIAL: within the ARC-4 zoning district, as part of the Sussex Ave Redevelopment Plan. With unapproved plans to convert the building into 14 residential units as of right, this property presents a significant opportunity to capitalize on the zoning benefits and strategic location. EXPANSION OPPORTUNITY: Consider expanding your investment by purchasing the adjacent city-owned property, where plans allow for the addition of 17 more residential units, further enhancing profitability. Positioned in a sought-after area with easy access to essential amenities, public transportation, and community facilities, making it attractive for both commercial tenants and future residents. Seize this unique opportunity to invest in a property offering both immediate commercial returns and substantial long-term development potential. Schedule a showing today to explore the endless possibilities this remarkable building holds for your portfolio!