1000 Springfield Ave - Retail FOR SALE


Irvington, NJ 07111
$5,300,000 USD
973-680-2001
1000 Springfield Ave, Irvington, NJ for Sale
$5,300,000 USD
Retail - FOR SALE
1/19
null | Request Cap Rate

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1000 Springfield Ave
Irvington, NJ 07111


OVERVIEW

A rare investment opportunity to acquire a portfolio of four mixed-use commercial properties located at 1000, 992, and 994 Springfield Avenue, and 7 Myrtle Avenue in Irvington, New Jersey. Priced at $5,300,000, this portfolio features a strong mix of retail and residential units with long-term tenants—many in place for over two decades—providing stable cash flow and proven performance. Strategically positioned along the bustling Springfield Avenue corridor, these properties benefit from excellent visibility, consistent foot traffic, and proximity to major highways and public transit. 992 and 1000 Springfield Avenue offer significant upside potential for increased revenue, while 994 Springfield and 7 Myrtle contribute to the portfolio’s steady income base. This offering combines immediate income with long-term growth potential, making it an ideal investment for those seeking a stable, value-add opportunity in a thriving Essex County market. Highlights: 4 parcel: 1000 Springfield Ave, 994 Springfield Ave 992 Springfield Ave 7 Mrytle Irvington NJ Listing Price: $5,300,000 Portfolio of 4 Adjacent/Multi-Site Properties in the heart of Irvington kitty corner of 3 intersection and 1 block away from public transportation. Mixed-Use Configuration – Retail & Residential units Tenancy: Longstanding tenants with over 20 years of occupancy Excellent Visibility & Foot Traffic on Springfield Ave Potential for Revenue Growth at 992 & 1000 Springfield Ave (see attached cap rate sheet for financial details) Located in a Strong Retail Corridor near major highways, public transit, and community amenities

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$822 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1000, 994, 992 (Springfield ave) and 7 Myrtle

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Commercial

APN/PARCEL ID

09-00084-0000-00057

ASK ABOUT THIS PROPERTY

George KhouryVeteran Real Estate GroupMore Info
973-680-2001

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George KhouryVeteran Real Estate GroupMore Info
973-680-2001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.