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    721 Chancellor Ave Irvington, NJ 07111

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    For Sale
    $1,799,900

    Income-producing retail property with six fully leased storefronts in Irvington.

    Lot size:
    0.23 Acres

    Property Features for 721 Chancellor Ave

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1960

    Source: NEXTHOME PRIME Agent LIONEL CRUZ

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

    Overview

    Prime Corner Retail Investment Opportunity

    This commercial investment opportunity is located at the intersection of Chancellor Avenue and Union Avenue in Irvington, New Jersey. The property includes six fully leased retail storefronts with long-term, established tenants. The building spans approximately 7,625 square feet on a 0.23-acre lot, which is equivalent to 10,010 square feet. The property also features a rear loading area. The corner location provides dual frontage and exposure along a retail corridor. The property is strategically located near I-78, the Garden State Parkway, and public transportation. This property is located in a market experiencing revitalization and commercial growth.
    Insight Report Location Intelligence

    Current Use by Public Records

    IDUMOTA INTERNATIONAL AFRICAN ... African Goods Store Variety spot Tobacco Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -74.2381235
    Latitude
    40.7159608

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    FAQs

    What type of property is this?
    Strip mall - Income-producing retail property with six fully leased storefronts in Irvington.
    Where is this strip mall located?
    The property is located at 721 Chancellor Ave Irvington, NJ.
    What is the asking price?
    The asking price for this property is $1,799,900.
    What are key features of this property?
    This property features: - Prime corner location at a high-visibility intersection.; - Income-producing property with six fully leased retail storefronts.; - Long-term, established tenants provide consistent, reliable income.
    (201) 630-0025
    Request Owner's contact information
    721 Chancellor Ave Irvington, NJ 07111
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    Irvington, NJ 07111
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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
    721 Chancellor Ave Irvington, NJ 07111
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