Redevelopment Site on Nearly 1 Acre Lot
Redevelopment Site | 0.96 acres
Marketing description
Positioned in the heart of East Orange’s rapidly transforming urban core, the ±25,000 SF site at 422 Main Street and 12 & 14 Burnett Street presents a rare opportunity for developers to capitalize on one of New Jersey’s most active redevelopment corridors. Spanning nearly one acre, the property is zoned within the Central Art & Cultural District and Transit Village District, allowing for a dynamic mixed-use or multifamily development of up to 125 units.
Investment highlights
Located in Centralized Location Walking Distance to East Orange Train Station
Easy Accessibility to Public Transportation and Major Highway
Roughly Full Acre Lot
East Orange Undergoing Revitalization Through New Master Plan
There are nearly 70,000 residents as redevelopment efforts geared up about a dozen years ago. Today, public and private improvements worth nearly $2.5 billion are underway in East Orange, where 4,000 new apartments are either complete, under construction, or before the planning board. Construction has begun at the largest, the Crossings at Brick Church Station, a 9-acre, mixed-use development of approximately 1,000 apartments and more than 100,000 square feet of retail space. The Crossings, which is valued at $500 million, is funded by a public-private partnership.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
