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Executive Summary

Don't miss this prime corner commercial investment opportunity at the high-visibility intersection of Chancellor Avenue and Union Avenue in Irvington, NJ! This well-maintained, income-producing property spans approximately 7,625 sq. ft. on a 0.23-acre lot ( 10,010 sq. ft.) and includes six fully leased retail storefronts, each occupied by long-term, established tenants providing consistent, reliable income with minimal turnover. The property also features a rear loading area, offering convenient access for deliveries and day-to-day operations. Its corner location provides dual frontage and exceptional exposure along one of Irvington's most traveled retail corridors. Strategically located near I-78, the Garden State Parkway, and public transportation, this asset combines stability with upside potential in a market experiencing steady revitalization and commercial growth. An outstanding opportunity for investors looking to capitalize on Irvington's expanding commercial landscape!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,625 SF
Building Class
C
Year Built
1960
Price
$1,799,900
Price Per SF
$236.05
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.80
Lot Size
0.22 AC
Parking
9 Spaces (1.18 Spaces per 1,000 SF Leased)
Frontage
155’ on Chancellor Avenue
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100

Nearby Major Retailers

Planet Fitness
Blimpie America's Sub Shop
Golden Krust Caribbean Restaurants
Key Food
SuperFresh
Rent-a-center
Bank of America
PureGym

Property Taxes

Property Taxes

Parcel Number
09-00298-0000-00010
Land Assessment
$340,200
Improvements Assessment
$695,900
Total Assessment
$1,036,100
  • Listing ID: 38143280

  • Date on Market: 10/20/2025

  • Last Updated:

  • Address: 721-731 Chancellor ave, Irvington, NJ 07111

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