357 16th Ave - Storefront Retail/Residential FOR SALE


Irvington, NJ 07111
$399,900 USD
917-696-0802
357 16th Ave, Irvington, NJ for Sale
$399,900 USD
Storefront Retail/Residential - FOR SALE
1/26
null | Request Cap Rate

357 16th Ave
Irvington, NJ 07111


HIGHLIGHTS

  • Mixed Use Investment or Owner User Opportunity Featuring Retail Storefront and Three Bedroom Apartment
  • Ground Floor Commercial Space Delivered as Open Shell Ready for Custom Buildout
  • Full Basement for Storage or Operational Use with Easy Access to Major Commuter Routes

OVERVIEW

Exceptional mixed use investment and owner operator opportunity featuring a ground floor commercial storefront and a spacious three bedroom residential apartment located just off Grove Street in Irvington, New Jersey. The property offers flexibility for entrepreneurs, investors, or live and work users seeking both commercial space and residential income. The ground floor commercial space is currently configured as an open retail shell, providing a blank canvas for a new owner to customize the layout and complete a buildout suitable for retail, professional services, personal services, or neighborhood serving businesses. A full basement provides valuable additional space for storage, inventory, or operational support. The second floor residential unit features three bedrooms, updated kitchen cabinetry, modern finishes, and bright living areas with abundant natural light. The apartment may be utilized for owner occupancy or leased to generate additional rental income. The property sits on a 25 by 100 lot and is classified as commercial with residential use, supporting the existing storefront and apartment configuration. The building also presents potential value add opportunities as a buyer may explore converting the ground floor commercial space to residential use or expanding the structure vertically, subject to municipal approvals. Located within a densely populated residential neighborhood with strong demand for neighborhood retail and service businesses, the property benefits from convenient access to Grove Street and proximity to Newark, New Jersey along with major regional transportation routes serving the greater New York metropolitan area. Buyer to verify zoning, permitted uses, redevelopment potential, and all property information with the Township of Irvington.

FOR SALE DETAILS

PRICE

$399,900 USD

PRICE/SF

$174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed Use Retail and Residential Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

B3

APN/PARCEL ID

09-00155-0000-00017

ASK ABOUT THIS PROPERTY

Cheryl DarmaninKW CommercialMore Info
917-696-0802

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Cheryl DarmaninKW CommercialMore Info
917-696-0802

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