Renovated Retail Property in
216 Orange Avenue Irvington, NJ 07111
216 Orange Avenue, Irvington, NJ, 07111
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For Sale
Contact for pricing
Fully renovated retail property built in 1950, renovated in 2025.
Property Size5,262 SF
Price / SF$152.03
Days on Market65
Property Features for 216 Orange Avenue
General Information
- Standard status
- Active
- Size
- 5,262 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1950
Listing agency
KW Commercial
Listed by
Bruce Elia · License #NJ 0893523
Source
Crexi
Added: May 18 Updated: Jul 10 at 3:58PM Checked: Jul 21 at 10:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial
Investment Insights
Based on property information with market context.
This 5,262 SF retail property, located in Irvington, NJ, presents an investment opportunity. Constructed in 1950 and fully renovated in 2025, the building offers a setting for retail and street retail enterprises. The property is 100% occupied. Its location in the Irvington area provides visibility and accessibility, attracting customer traffic. The property is situated in a thriving retail environment.
Key Highlights
- Fully renovated in 2025, offering a modern and attractive retail space
- 100% occupancy, providing a compelling income‑generating asset
- Prime location in Irvington, NJ, ensuring high visibility and accessibility
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.3k | $24.00 |
| − Vacancy | −$10.1k | −$1.92 |
| EGI | $116.2k | $22.08 |
| − OpEx | −$43.6k | −$8.28 |
| NOI | $72.6k | $13.80 |
5,262 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$1.07M
$938.8K – $1.25M
NOI $75,106 @ 7.0% cap · market cap 9.39%
Second Best
Mixed Use
$1.04M
$907.7K – $1.21M
NOI $72,616 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,181 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
A & J Unisex Barber ...
Barber Shop
Amazon Counter - Junee's ...
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Fully renovated retail property built in 1950, renovated in 2025.
Where is this retail property located?
The property is located at 216 Orange Avenue Irvington, NJ.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Fully renovated in 2025, offering a modern and attractive retail space; 100% occupancy, providing a compelling income‑generating asset; Prime location in Irvington, NJ, ensuring high visibility and accessibility
