Listing Details

500 Prospect Ave,West Orange Twp., NJ 07052-4165

  • October 28, 2025

Description

Ideally situated in the heart of West Orange, this professional office property offers a prime location with excellent visibility, modernamenities, and convenient access to major highways and public transit. 500 Prospect Avenue is a sizable property of 7,046 square feetspread across two stories. Built in 1984 and meticulously maintained, this office property features a clean, modern façade accented byabundant windows that flood the interior with natural light. The building is situated on 0 .12 acres and offers 20 parking spaces for bothemployees and visitors. The property is divided into four suites ranging from 814 to 3,116 square feet. Currently, two of the suites areoccupied, presenting strong value-add potential through lease-up of the remaining space. Thanks to flexible B-2 zoning, a wide variety oftenant types can be accommodated, giving investors multiple leasing strategies. Alternatively, buyers may choose to occupy part of thespace for their own business while generating income e from the existing tenants.Property Sold AS IS

Details

Last Updated On: October 28th, 2025 at 12:41 pm
Property ID:PT-7262205-AXZR
Offer Type:For Sale
Price: 1,299,999 $
Year Built:1984

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 50X100-50X100 IRR
Office SqFt: 7500
Property Type: Office Building Complex
Lot Identifier: 19

Home Details

Location: Corner
Sale Includes: Building & Land
Construction: Wood
Exterior Description: Brick,ConcBrd
Roof Description: Asphalt Shingle
Number of Stories: 2
Number of Units: 4
Number of Lavatories: 4
Available SqFt: 4764
Building SqFt: 7046
Parking Desc: Blacktop, Concrete, Off-Street Parking
Easement/Desc: Unknown
Basmnt/Desc: Yes - Finished, Finished-Partially
YB/Desc: 1984 - Approximate
Block Identifier: 83
County Number: 16
Town Number: 1622
Possession: at closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Income & Expenses, No Documents Available
Ownership: Fee Simple
Tax ID For Property: 1622-00083-0000-00019-0000-
Tax Amount: $33,256.00
Tax Year: 2024
Tax Rate: 4.684%
Tax Rate Year: 2025
Land Assessment: $100,000.00
Building Assessment: $161,000.00
Total Assessment: $261,000.00

Utilities

Equipment Available: Furniture, Office Equipment, Smoke Detector
Heat Source: Gas-Natural
Heat System: 4+ Units, Forced Hot Air
Cool System: 4+ Units, Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas In Street

Other

Zoning: B2- Office

Statistics

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