1-19 Ampere Parkway, Unit: Building, East Orange, NJ-Property Mkting Pic 1-19 Ampere Parkway, Unit: Building, East Orange, NJ-Front of Store 1-19 Ampere Parkway, Unit: Building, East Orange, NJ-ST03 04 Store Fronts 1-19 Ampere Parkway, Unit: Building, East Orange, NJ-ST01 Store Front 1-19 Ampere Parkway, Unit: Building, East Orange, NJ-ST06 07 08 Store Fronts
Leasing Agent
Victor Kom
Name: Victor Kom
Phone: (646)381-3679
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1-19 Ampere Parkway

East Orange, NJ 07017-5405

Building Information Building Type: Retail

Description

Excellent opportunity on Ampere Parkway, where this active neighborhood (zip code 07017) in densely populated East Orange is sure to notice any new business. Also attract attention from another bustling city and close neighbor, Newark, New Jersey!

                                 Population        # Households

Zip Code 07017           39,466                16,098

East Orange                69,824               26,024

Newark                    273,546               91,382


Single, educated professionals that live in single-family homes are the majority in the neighborhood of Ampere, however very close to this commercial center are both high-rise apartment buildings and multi-family dwellings. Ampere Plaza Apartments are located right next door and certainly its residents will look forward to what a newly opened business has to offer.

1-19 Ampere Parkway is just one block from Park Avenue, which runs from the city of Orange, through East Orange, and into Newark, ending just beyond 360-acre Branch Brook Park. In addition, this site is located just off of the Garden State Parkway, on which approximately 150,000 motorists travel each day, and Interstate 280 can be accessed just south, carrying an estimated 90,000 vehicles every day. This location’s excellent visibility off of both major highways and local avenues are great incentives for the businesses and establishments that operate here!

The recently renovated East Orange New Jersey Transit Station can be accessed within just five minutes, and offers Midtown Direct service to Penn Station in Midtown Manhattan. The station’s $2.9 million in upgrades began in 2004, and included improvements to its accessibility, as well as its viaduct system. The area surrounding Ampere Parkway also has many bus routes provided by New Jersey Transit and Coach USA, allowing passengers access to points surrounding and throughout the city.

Also within the immediate vicinity are several popular destinations in the form of eateries, shops, and service providers. Pedestrians enjoying this very walkable neighborhood can visit a seafood restaurant, coffee shop, barbershop, laundromat, their choice of supermarkets, boutiques, and variety stores. Columbian Playground is just four blocks west of Ampere Parkway. Established in 1919, the park offers ballfields, basketball courts, play equipment, and tennis courts. The Ampere Branch of East Orange Public Library is also just a short walk away. Its original purpose was a horsedrawn fire engine station and, built in 1914, is the oldest of the city’s library buildings. The site has been the Ampere neighborhood’s resource for reading and research materials since the 1930’s.

Property Highlights:

  • Consists of a one-level nine-unit strip center
  • 5,024 square feet
  • Located in a mixed-use, densely populated residential/retail neighborhood
  • Street parking available
  • 177 feet of frontage on Ampere Parkway
  • Many recent renovations
  • Adequate plumbing, with a restroom available in each unit
  • Security system


Considering East Orange’s closeness to major employers in Manhattan, the Newark Liberty International Airport, and throughout the New Jersey-New York Metropolitan area, the city is a relatively affordable place to live. The median residential property value is approximately $284,000 (about $18,000 more than the median house value in East Orange as a whole), and while properties are appreciating at a rate of 4.84% a year, this fact allows many residents to enjoy homeownership within commuting distance to numerous employment opportunities and exciting destinations.

Non-profit organizations such as the East Orange Revitalization and Development Corporation (EORDC) have extended efforts to provide even more affordable housing. For example, in 2008 the EORDC, in cooperation with local and national organizations, constructed and sold six families newly-constructed homes. The homes were built on sites located within a previously delapidated area, and their mortgage rates are far lower than traditional loan rates, ranging from 0 - 1.25%. EORDC is working with East Orange to continue revitalizing housing and the neighborhoods they are located.

A chance like this only presents itself every so often. Now you too can enjoy success in a city known for its revitalization efforts, affordability, and close proximity to incredible opportunity and culture! Don’t put this one off!
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