146 S Munn Ave, East Orange City, NJ 07018
sale
$1,215,000
|
Other
Courtesy Of NJ Metro Group LLC
146 S. Munn Avenue presents a compelling residential redevelopment opportunity in East Orange?s R-4 Multifamily District, where zoning supports a range of higher-density residential uses. Situated on approximately 0.41 acres, the property offers developers the ability to reposition, expand, or redevelop the site for multifamily, affordable housing, supportive housing, or senior housing, subject to approvals. The value is in the land and redevelopment potential, not the current use. This is an opportunity to unlock residential density in a growing, transit-accessible submarket with increasing demand for well-located housing. The existing 5,476 SF structure provides optionality, including potential interim use or holding income while development plans, entitlements, and financing are secured. East Orange continues to attract multifamily investment, with recent sales and development activity supporting long-term residential fundamentals. This offering is well suited for developers and value-add investors seeking a residential redevelopment play in Essex County. Buyer to independently verify zoning, density, permitted uses, and redevelopment potential. Financials and additional documentation available upon execution of NDA.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 1
- Exterior Type: Brick
- Exterior Type: Block
- Floor Covering: Vinyl
- Floor Covering: Linoleum
- Floor Covering: Tile
- Floors: 3
- Heating System: Hot Water (Heating)
- Heating System: Other (Heating)
- MLSID: 4012324
- Roof Type: Asphalt
- Roof Type: Shingle
- Rooms: Basement
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