59 14Th StEast Orange, NJ 07017

This distressed 7,500 square foot multi-use property in East Orange, New Jersey, presents a compelling value-add investment opportunity. Located at 59 N 14th St, this three-story building currently operates as a mix of apartment, flex, and warehouse space, with 33% occupancy. The building features one dock-high door, 13-foot ceilings, and sits on a 4,800 square foot lot, offering potential for additional parking. The ground floor is currently leased at $2,500 per month on a month-to-month basis. The property is zoned RDV (Greenwood Redevelopment Area), allowing for potential multifamily conversion, capitalizing on the mixed-use nature of the surrounding Roseville neighborhood, bordering East Orange and Newark. Its strategic location offers excellent accessibility, with I-280 and the Garden State Parkway just blocks away. The asking price is $775,000. This property's unique blend of uses and redevelopment potential makes it an attractive investment for those seeking a value-add project in a dynamic location. The existing warehouse space, combined with the potential for residential conversion, offers significant upside for the savvy investor. The current lease provides immediate cash flow, while the zoning allows for a future repositioning strategy.