945-949 Clinton Ave - Storefront Retail/Residential FOR SALE


Irvington, NJ 07111
$2,250,000 USD
201-359-0166
945-949 Clinton Ave, Irvington, NJ for Sale
$2,250,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | 6.5% Cap Rate

945-949 Clinton Ave
Irvington, NJ 07111


HIGHLIGHTS

  • Fully renovated in 2023 with modern systems and finishes
  • Property is 100% Occupied with Waiting List for Apartment Rentals.
  • Proximity to Garden State Parkway, I-78 and Irvington Bus Terminal

OVERVIEW

Positioned in the heart of Irvington’s revitalizing commercial corridor, 945–949 Clinton Avenue presents a turnkey investment opportunity in one of New Jersey’s most densely populated municipalities. This fully renovated mixed-use asset features six modern apartments above three ground-floor retail units, all 100% leased with market-rate tenants. The 2023 gut renovation ensures minimal maintenance and long-term operational efficiency, with each unit separately metered and retail tenants contributing to real estate taxes. The residential mix includes three 3-bedroom, 2-bath units and three 2-bedroom, 2-bath units, appealing to both families and professionals seeking quality housing with proximity to Newark and New York City. The retail storefronts are home to established neighborhood businesses, enhancing the property’s stability and community integration.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,783 SF

ZONING

B-C

APN/PARCEL ID

09-00205-0000-00031

ASK ABOUT THIS PROPERTY

Tarang RamaniLee & Associates Commercial Real Estate ServicesMore Info
201-359-0166

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Tarang RamaniLee & Associates Commercial Real Estate ServicesMore Info
201-359-0166

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