188 S Essex Ave, Orange NJ
We are pleased to present this new property available for sale consisting of 8 acres of land for residential development. Located in The City of Orange's Transit Village District West, the intent of (TVDW) is to encourage mixed-use, transit-supportive development with a significant residential component, within walking distance of Orange and Brick Church Stations. The property is situated within the Orange Hope VI Redevelopment Plan permitting 5-12 stories, max density is unlimited as long as there is .5 parking spaces per unit, does not need to be affordable housing, market rate apartments are okay, buildings will be set close to the sidewalk with minimal setback, this property could go up to 25 stories with a variance.
1 Bedroom apartments currently range between $1250 per month to $1500 per month in the surrounding area. Conveniently located less than 3 blocks from Orange Train Station serviced by the Gladstone Branch rail line, 1.2 miles from Brick Church Station also serviced by the Gladstone Branch rail line, .3 miles to Rt 280, 3.5 miles to Rt 78, 6 miles to I-95, 12.1 miles to Newark Liberty International Airport, 18.2 miles from Manhattan.
- We would be happy to discuss this opportunity with you further.