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$ 1,099,000
Est. payment | /mo
6,200 SqFt
$ 1,099,000
Est. payment | /mo
6,200 SqFt
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
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Listed by COLDWELL BANKER REALTY