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    1001 Clinton Ave Irvington, NJ 07111

    Sponsored
    For Sale
    $1,200,000

    High-Yield Used Car Dealership, NJ

    Property size:
    5,078 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a prime commercial property located at 1001 CLINTON Avenue, Irvington, NJ 07111. The property, built in 1959 and extensively renovated in 2022, encompasses a 5,078 square foot lot on a 0.117-acre parcel. Currently operating as a used car dealership, the property boasts a strong rental income stream, generating a Net Operating Income (NOI) of $91,500, resulting in an attractive 7.62% capitalization rate. The asking price is $1,200,000. The single-unit property includes an office space and two bathrooms, with capacity for approximately 25-26 vehicles. The property is zoned and approved by the township for used car sales. This is a rare opportunity to acquire a well-established, income-producing asset in a desirable location. The property is being sold "as is," and potential buyers are responsible for conducting their own due diligence. The current tenant is operating a business on the premises, and direct contact with the tenant is discouraged. This property offers significant potential for both rental income and owner-operator use. The property's features include a gross lease structure and is a unique blend of land, special purpose, and retail uses, including a garage/parking area and gas station capabilities. This is a cash-flowing investment ready for immediate returns.

    Property Features for 1001 Clinton Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    5,078 SF

    Building Details

    Year Built/Renovated
    1959/2022
    Units
    1

    HighLights

    • Prime commercial property at 1001 CLINTON Avenue, Irvington, NJ 07111.
    • 5,078 sq ft lot on a 0.117‑acre parcel, built in 1959, extensively renovated in 2022.
    • Currently operating as a used car dealership with a $91,500 NOI and a 7.62% cap rate.
    • Asking price: $1,200,000.
    • Single‑unit building with office space, two bathrooms, and capacity for 25‑26 vehicles; zoned for used car sales.
    • Sold "as is"; buyer responsible for due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Izmok Auto Mechanic Irvington Wholesale Group Used Car Dealer

    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
    -74.2234284
    Latitude
    40.7251098

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    FAQs

    What type of property is this?
    Automotive property - High-Yield Used Car Dealership, NJ
    Where is this automotive property located?
    The property is located at 1001 Clinton Ave Irvington, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime commercial property at 1001 CLINTON Avenue, Irvington, NJ 07111.; 5,078 sq ft lot on a 0.117-acre parcel, built in 1959, extensively renovated in 2022.; Currently operating as a used car dealership with a $91,500 NOI and a 7.62% cap rate.
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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
    1001 Clinton Ave Irvington, NJ 07111
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