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

Here is what I came up with. I have to shorten to for the MLS. I think I want to add it as a residential multi-family as well. Thoughts? I think we should also revise the order of the pictures and start with the apartment pictures, then the downstairs, followed by the exterior / storefront pictures. 357 16th Avenue presents a flexible residential opportunity in Irvington’s R-2 zone, offering multiple paths for both end-users and investors. Currently configured with a second-floor residential apartment and a street-level space previously used for commercial purposes, the property is well positioned for repositioning. Based on guidance from the Township of Irvington zoning office, the lower level may be converted to residential use with the addition of garage parking, including replacing the existing steel gate with a traditional garage door, subject to buyer due diligence and approvals. This creates several potential use cases: • Owner-occupant seeking a live/work setup or future two-unit configuration • Investor looking to create a 2-family income-producing property • Value-add buyer seeking to reposition and increase long-term returns The current layout includes: • Second-floor three-bedroom apartment with updated finishes • Ground-level open space with basement storage • Separate utilities, allowing for flexible use and income potential For those exploring further upside, there may also be the potential to expand vertically or reconfigure the layout to increase residential density, subject to township approvals. Located just off Grove Street with convenient access to major transportation routes and neighborhood amenities, the property is well positioned for both immediate use and long-term value creation. Buyers are responsible for verifying all zoning, use, and conversion requirements 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

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.