1418 Springfield Ave
Irvington, NJ 07111
Retail Property For Sale

Marcus & Millichap is pleased to exclusively list for sale a retail building located in Irvington, (Essex County) New Jersey. The subject property is situated on 0.09 acre lot in the heart of the city. The building is currently occupied by El Centenario Restaurant, who has leased out all three retail units in the building. They have been in the same location for numerous years. Irvington is a township located in Essex County, New Jersey. The subject property is approximately 16 miles southwest of New York City. Irvington is a distinctive community that merges the easy mobility and amenities of big-city living with the charm of attractive residential districts. The major roadways that cut through the township are Interstate 78, and the Garden State Parkway, and Route 22. Local roads include Route 124 and County Road 509. Irvington Bus Terminal is one of New Jersey Transits busiest facilities and regional transit hubs. NJ Transit provides bus service to destinations such as Port Authority Bus Terminal in Midtown, Manhattan on Route 107; Newark on Routes 1, 13, 25, 27, 37, 39, 42, 70, 90, and 94; and local service on Routes 26 and 96. Airline service is available at Newark Liberty International Airport in neighboring Newark and Elizabeth. Within a five-mile radius of Irvington, the median household income is $49,668 among the 721,478 individuals who resides within a five-mile radius of the subject property. The asking price of $500,000 represents a 8.69 percent cap rate.