Mixed Use Retail and Residential Opportunity 357 16th Ave Local commercial 213 m² 100 % Loué À vendre Irvington, NJ 07111 345 062 € (1 619,81 €/m²)

Exceptional mixed use investment and owner operator opportunity featuring a ground floor commercial storefront and a spacious three bedroom residential apartment located just off Grove Street in Irvington, New Jersey. The property offers flexibility for entrepreneurs, investors, or live and work users seeking both commercial space and residential income.
The ground floor commercial space is currently configured as an open retail shell, providing a blank canvas for a new owner to customize the layout and complete a buildout suitable for retail, professional services, personal services, or neighborhood serving businesses. A full basement provides valuable additional space for storage, inventory, or operational support.
The second floor residential unit features three bedrooms, updated kitchen cabinetry, modern finishes, and bright living areas with abundant natural light. The apartment may be utilized for owner occupancy or leased to generate additional rental income.
The property sits on a 25 by 100 lot and is classified as commercial with residential use, supporting the existing storefront and apartment configuration. The building also presents potential value add opportunities as a buyer may explore converting the ground floor commercial space to residential use or expanding the structure vertically, subject to municipal approvals.
Located within a densely populated residential neighborhood with strong demand for neighborhood retail and service businesses, the property benefits from convenient access to Grove Street and proximity to Newark, New Jersey along with major regional transportation routes serving the greater New York metropolitan area.
Buyer to verify zoning, permitted uses, redevelopment potential, and all property information with the Township of Irvington.