216 Orange Ave - Retail FOR SALE


Irvington, NJ 07111
$799,999 USD
201-917-5884
216 Orange Ave, Irvington, NJ for Sale
$799,999 USD
Retail - FOR SALE
1/40
null | 7.6% Cap Rate

216 Orange Ave
Irvington, NJ 07111


HIGHLIGHTS

  • 5-Unit Mixed-Use Investment Includes 3 commercial/retail units and 2 residential apartments.
  • 100% Occupied Asset Fully leased with immediate in-place income.
  • Strong Reported NOI Reported NOI of $60,882 with a 7.6% cap rate at the asking price.
  • Recently Renovated in 2025 Updated interiors, refreshed finishes, modern lighting, and improved layouts.
  • Orange Avenue Street-Front Visibility Corner property with ground-floor retail exposure and neighborhood traffic.
  • On-Site Parking and Separate Utilities Includes 6 parking spaces with separate heat, water, electric, and gas.

OVERVIEW

Offered at $799,999, 216 Orange Avenue is a 5-unit mixed-use investment property located in Irvington, NJ. The asset consists of 3 commercial/retail units and 2 residential apartments, with a reported annual gross rent of $94,992 and NOI of $60,882. Current tenancy includes a grocery store on a 7-year lease, along with year-to-year leases for the bill pay store, barbershop, and residential apartments. The property offers investors immediate in-place income, 100% occupancy, and upside through continued lease management and long-term rent growth. With a price of approximately $152/SF and a 7.6% cap rate, this is a compelling Essex County mixed-use opportunity for investors looking for a stabilized asset in an active neighborhood corridor.

FOR SALE DETAILS

PRICE

$799,999 USD

PRICE/SF

$152 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Irvington 5-Unit Retail & Residential

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,430 SF

ZONING

B-3

APN/PARCEL ID

09-00076-0000-00006

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