For Sale
$549,000

399 Myrtle Ave Irvington, NJ 07111

Prime NJ location, high-growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional commercial land parcel, located at 399 Myrtle Avenue in Irvington, New Jersey, presents a unique investment opportunity. The property, encompassing a 5-store strip mall, is priced at $549,000 and offers significant potential for redevelopment or continued operation. Built in 1940, this single-story, 0-unit land parcel is zoned for a wide range of commercial uses, providing considerable flexibility for future development. Its prime location offers unparalleled accessibility, with close proximity to major highways including the Garden State Parkway (GSP), I-95, and I-1&9. This strategic positioning ensures high visibility and convenient access for both customers and employees. The surrounding area boasts numerous shopping centers, further enhancing the property's desirability and potential for attracting a diverse clientele. The property's existing infrastructure provides a solid foundation for immediate use or future expansion, making it an ideal investment for both seasoned developers and new entrepreneurs seeking a high-growth market. The absence of a cap rate reflects the unique potential for return on investment based on the buyer's chosen development strategy. This is a rare opportunity to acquire a well-situated commercial property in a thriving New Jersey market. The address is 399 Myrtle Avenue, Irvington, NJ 07111.

Property Details for 399 Myrtle Ave

Property type
Retail properties, Land
Year Built
1940
Stories
1

Location Insight

City
Irvington
County
Essex
State
New Jersey
Latitude
40.739028
Longitude
-74.218437

FAQs

What type of property is this?
Retail property - Prime NJ location, high-growth potential.
Where is the retail property located?
The property is located at 399 Myrtle Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $549,000.
How can I contact the broker?
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399 Myrtle Ave
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