Retail and Multifamily Mixed-Use | Value Add 13-27 Scotland Rd

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 13-27 Scotland Road, South Orange, New Jersey 07079 for sale. This asset features a two-story +/-15,000 SF mixed-use retail and residential building on a 0.18-acre lot under a quarter mile from the South Orange Train Station. The building currently has 15 residential units and five commercial units. This offering represents the opportunity for an investor to acquire the asset and add value through unit renovations and raising rents to the market level as tenancy rolls over. 13-27 Scotland Road is ideally located in Essex County, benefiting from direct, one-seat access to New York Penn Station in under 30 minutes and Seton Hall University, which is one of New Jersey’s premier private universities.

South Orange, officially the Township of South Orange Village, is a suburban township in Essex County, New Jersey. Of the 564 municipalities in New Jersey, South Orange Village is one of only four with a village type of government. It is a quaint residential community boasting authentic Tudor, Colonial, and Victorian homes, streets dotted with gaslights, beautiful parks, and a bustling village center. The history of South Orange dates back to May 21, 1666, when Connecticut settlers landed on the shores of the Passaic River. Guided by Captain Robert Treat and Lieutenant Samuel Swaine, the group purchased land, now known as Newark, from the Lenni Lenape Indians on July 11, 1666. Those families wishing to farm moved westward into South Orange and surrounding areas. Architecture is extremely varied. Most of the town is single-family wood-framed houses. However, there are a few apartment buildings from various eras as well as townhouse-style condominiums of more recent vintage. Houses cover a range that includes every common style of the Mid-Atlantic United States since the late 19th century, and in sizes that range from brick English cottages to giant Mansard-roofed mansions. Tudor, Victorian, Colonial, Ranch, Modern, and many others are all to be found. Most municipal government structures date from the 1920s, with a few being of more modern construction. Many residents commute to New York City, but others work locally or in other parts of New Jersey. South Orange has a Central Business District with restaurants, banks, and other retail and professional services. There are a few small office buildings, but no large-scale enterprise other than Seton Hall University.

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