1400 Springfield Ave Active Save Request In-Person Tour Request Virtual Tour
Irvington Twp.,NJ 07111
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,200 sqft
Price per Sqft $177
Subdivision Upper Irvington
MLS Listing ID 3952833
Year Built 1931
Annual Tax Amount $27,706
Tax Year 2024
Lot Size 6,098 Sqft
Property Sub-Type Mixed Use
Property Description
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.
Location
State NJ
County Essex
Zoning B-4
Interior
Heating Gas-Natural
Cooling See Remarks
Equipment Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Story 1
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple