516 William Street, Unit 1East Orange, NJ 07017Price: $799,999

Desirable Large Corner Lot with Great Visibility, which is located at the intersection of William and Lincoln Streets. The Traffic Light stops directly in front on both the West and Northside. You can feel the pulse, in the heart of East Orange's vibrant commercial corridor and new redevelopment. Currently operating as a successful auto repair facility for over 50+ years, the real estate is for sale and Not the Business. Property consists of Two (2) Lift Garage, Large Office, another Large separate space for your own vision, a storage area and Two (2) Bathrooms. Parking for 20+ vehicles. The area is a dense urban environment with a mix of residential, local businesses and nearby access to transportation. Nearest train station, East Orange and Brick Chur. on the Morris & Essex Line Gladstone Branch. City connected by approximately 10 bus lines. With appropriate approvals, ideal redevelopment opportunity to expand, extend, create additional residential, commercial or mixed use. Housing choices are diverse, including apartments, duplexes, and single detached homes. Area great for groceries, pedestrian and transit friendly. Schools, parks and houses of worship are well appointed. Redevelopment Incentives and Zoning: Urban Enterprise Zone (UEZ); PILOT Agreements; Zoning Updates include some projects receiving variances for reduced parking to support public transit use.