404 Central Ave, East Orange, NJ 07018

Two lots (Block 510, Lots 29 & 30) available for sale together or separately. Zoned CAE/CAC. Ideal for redevelopment of a larger asset Commercial or Mixed-use. Zoning analysis suggests a five to seven story mixed use building may be allowed without variances with a typical floor size of 10,000 SF. Architect recommendation is for a 48,000 SF five or six story mixed use building with Retail and parking on the ground level and 37-45 residential units plus amenities on the upper levels. Assemblage of lots 29 and 30 would yield approx. 17,001 SF or a 0.39 acre lot. See attached Due Diligence Docs. Property is sold in strictly AS IS condition. The existing structures can be renovated if there is no interest in new development.

Proposed:
Parking: 37 Spaces
1 BR: 715 SF: 16 units
2 BR: 1099 SF: 12 units
3 BR: 1419 SF: 9 units
Retail: 2250 SF