49 Central AveEast Orange, NJ 07018

This exceptional 3,500 square foot storefront property at 49 Central Ave, East Orange, NJ, presents a lucrative investment opportunity. Currently occupied by a long-term dry cleaning business, the property generates consistent income. The building also features a three-bedroom multi-family residential unit upstairs, providing additional rental revenue streams. Situated on a 0.06-acre lot, this mixed-use property offers significant upside potential. The building's zoning allows for the addition of two more stories, significantly increasing its square footage and rental income. Located in the heart of East Orange, this property benefits from high traffic volume (16,939 vehicles daily) and a dense population base (over 52,000 residents within a one-mile radius and over 467,000 within three miles). Its convenient location near Newark, the Garden State Parkway, and Route 280 ensures excellent accessibility. The asking price is $480,000, representing a price per square foot of $137.14. This is a rare chance to acquire a well-established, income-producing property with substantial expansion possibilities in a thriving New Jersey market. Don't miss this opportunity to capitalize on the strong rental demand and strategic location. The property is zoned for mixed-use development and offers a unique blend of retail and residential income streams.