553 Grove StIrvington, NJ 07111

Property Details for 553 Grove St

Lot size

0.06 AC

Property size (Sq ft)

2,332 SF

Property type

Other commercial real estate

APN

09 00118-0000-00012

APU

900118000000012

Description

This exceptional investment opportunity in Irvington, NJ, presents a unique blend of commercial and residential income streams. Located at 553 Grove Street, the property sits on a 0.06-acre lot and features a thriving ground-floor pizzeria established in 1967. The pizzeria benefits from a high-visibility location within a high-traffic area, ensuring a consistent flow of customers and established clientele. Above the pizzeria, a spacious three-bedroom apartment offers additional rental income potential. This apartment includes a bonus room, adaptable for use as an office or additional living space. The property's dual-income potential makes it an attractive proposition for investors seeking a diversified portfolio. The building's established nature and existing tenant base minimize vacancy risks, offering immediate returns. This is a rare chance to acquire a well-established business and residential property in a desirable location. Serious inquiries only. Showings are strictly by appointment. The asking price is $499,900. Please respect the need for discretion.

• Alternative Use

  Use

  Valuation

  Residential

  $441,306

  Hospitality

  $404,234

  Educational

  $336,318

  Medical

  $347,884

  Retail

  $523,161

Location Insight

City

Irvington

County

Essex

State

New Jersey

Latitude

40.7385

Longitude

-74.214

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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