256 Wallace St Orange, NJ ^$ 575,000

256 Wallace St

^$ 575,000

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Recently Listed

256 Wallace St

Orange, NJ, 07050

^$ 575,000

Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

^$ 3,540

256 Wallace St, Orange, NJ 07050 - Image 1

256 Wallace St, Orange, NJ 07050 - Image 2

256 Wallace St, Orange, NJ 07050 - Image 3

256 Wallace St, Orange, NJ 07050 - Image 4

Commercial Property for sale in Orange, NJ

for $575,000 with 1 half bath. This 5,000 square foot building was built in 1929 on a lot size of 0.11.

Great commercial property on the corner of Wallace St and N Center St with excellent visibility and easy access, features a private office, waiting area, lavatory, two vehicle lifts, and space for 8?10 cars. Plenty of parking and ideal for automotive or service-related businesses. Perfect opportunity for an investor or future owner-user looking for a well-located income-producing property. Currently tenant-occupied and generating $5,000 per month in rental income.

Commercial Active

Price

^$ 575,000

Half Bath

Property Type

Commercial

Taxes

^$ 6,045

Style

Gas Station/Garage

Lot Size

0.11

Year Built

1929

Town/City

Orange

County/Region

Essex

MLS | Web ID

4031009

Features

General

Sewer Public Sewer

Construction Formed Concrete

Heating Baseboard - Hotwater

Cooling 1 Unit Window A/C(s)

Utilities Electric Gas In Street Gas-Natural

Possession at closing

Roof Asphalt Shingle

Zoning yes

Year Built 1929

Township City Of Orange Twp.

Property Type Gas Station/Garage Office/Retail Gas Station/Garage

Tax Year 2025

Ownership Fee Simple

Location Business District Corner Freestanding

County Essex

Status Active

Directions on the corner of N Center St and Wallace

Number Of Units Total 0

Tax Annual Amount 6045

Drive Blacktop Driveway-Exclusive Fencing Parking Lot-Exclusive

Leasable Area 150

Standard Status Active

Tax Assessed Value 150000

Town # 1617

Tax Lot 2

Exterior

Water Source Public Water

Exterior Description Brick/Block Concrete

Building Area Total 1024

Lot Dimensions 5000 SF

Lot Size Acres 0.11

Interior

Fuel Type Gas-Natural

Total Stories 1

Half Baths 1

* Excluded Features

List By

TURLIEN ROMULUS

Listing Agent

Re/Max Select

Broker

turlienr@gmail.com

Affordability Calculator

$4,044

Per Month

Monthly Principal & Interest: $3,540
Monthly Property Taxes: $504
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Orange, NJ

Average List Price ^$1,212,350

Percent of Sale Price 111%

About Orange, NJ

30,849 Population

-6% Since 2002

^$37,560 Median Income

37.29 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/31/2026	$575,000		Listed Price

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256 Wallace St, Orange, NJ, 07050 is a Commercial Property for sale at $575,000 with 5,000 sqft and a lot size of 0.11. 256 Wallace St was built in 1929. The property's zip code is 07050 which is in Orange, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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256 Wallace St

Commercial Property for sale in Orange, NJ

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