845 18th Ave | Irvington, NJ 07111
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- LoopNet Team
845 18th Ave
Irvington, NJ 07111
Taylor Auto · Land For Sale
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0.23 AC
INVESTMENT HIGHLIGHTS
- Current tenant willing to sign long term lease. Current rent is $8500/ month
- Sold with additional lot (230 Columbia Ave, 5000 sq feet)
- Located in a redevelopment zone
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.23 AC |
| Property Subtype | Commercial | ||
| Zoning | Redevelopment - Redevelopment zone, lots are approved for multiple things including a 40 unit mix use building. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.23 AC |
| Zoning | Redevelopment - Redevelopment zone, lots are approved for multiple things including a 40 unit mix use building. |
DESCRIPTION
These two lots are located in a redevelopment zone and are for sale as a package deal, and there are tons of opportunities for this investment. The current owner collects $8500 monthly in rent. Currently, two used car dealerships (2500/ 2500) and an autobody shop (3500) are on the land. With 10,000 square feet on one lot and 5,000 square feet on the adjacent lot, the city has approved the owner to build 40 two-bedroom units on the land!
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