1400 Springfield Ave - Storefront FOR SALE


Irvington, NJ 07111
$1,099,000 USD
646-344-9964
1400 Springfield Ave, Irvington, NJ for Sale
$1,099,000 USD
Storefront - FOR SALE
1/4
null | 7.08% Cap Rate

1400 Springfield Ave
Irvington, NJ 07111


HIGHLIGHTS

  • Current 100% Occupancy
  • County Thoroughfare Visibility With +42,000 VPD
  • High Commercial Corridor Visibility/Exposure to +42,000 VPD
  • Masonry Construction
  • Tenants Pay Own Utilities
  • Rental Income Upside

OVERVIEW

Introducing 1400 Springfield Ave Shops, a fully stabilized neighborhood retail center in the Upper Irvington section of Irvington, NJ. This +6,200 SF building comprises 4 commercial leaseholds dba assorted local business types inclusive of food/tax/laundromat services, and is zoned B-4; General Business. Located along the I-78/Garden State Parkway corridor of East Essex County, this property boasts a 100% occupancy rate, presenting in-place cashflow for the discerning Core Plus long-term hold investor. With strategic county thoroughfare geography along Springfield Ave (approx. 42,258 VPD within 0.10 mile radius) adjacent to the suburban Maplewood border and rental income upside from below-market lease rates, this retail strip center asset offers a compelling investment proposition for continued financial growth.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

7.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B-4

APN/PARCEL ID

09-00372-0000-00012

ASK ABOUT THIS PROPERTY

Paul E. WashingtonColdwell Banker Commercial RealtyMore Info
646-344-9964

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Paul E. WashingtonColdwell Banker Commercial RealtyMore Info
646-344-9964

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