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    945-949 Clinton Ave Irvington, NJ 07111

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    For Sale
    $2,250,000

    Mixed-use property featuring apartments and retail units, fully occupied.

    Property size:
    6,969 SF

    Property Features for 945-949 Clinton Ave

    General Information

    Size
    6,969 SF

    Source: Tarang Ramani Agent Tarang Ramani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Mixed-Use Property For Sale

    The mixed-use property at 945-949 Clinton Avenue in Irvington, NJ, is available for purchase. The property features six apartments above three ground-floor retail units. The building, totaling 6,969 square feet on 0.11 acres, underwent a complete renovation in 2023. The three-story structure includes three 3-bedroom, 2-bath units and three 2-bedroom, 2-bath units. Built in 1940 and renovated in 2023, the property is fully occupied with tenants at market rates. Parking is available on the street. All units have separate utilities, and the retail tenants contribute to real estate taxes above the 2023 base year. The property is located near the Garden State Parkway and I-78.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Irvington
    County
    Essex
    State
    New Jersey
    Longitude
    -74.221174
    Latitude
    40.724721

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring apartments and retail units, fully occupied.
    Where is this mixed-use property located?
    The property is located at 945-949 Clinton Ave Irvington, NJ.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Gut renovated in 2023, ensuring low maintenance.; - 100% occupied with market-rate tenants, providing immediate income.; - Attractive 6.5% Cap Rate.
    (201) 359-0166
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    945-949 Clinton Ave Irvington, NJ 07111
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