Property 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! The current lease can be extended for 5 to 10 yrs and paid a year upfront! Bonus vacant lot across the street!
Address Map
18Th Ave
0
W75° 46' 40.4''
N40° 44' 15.1''
Off Columbia Ave
MLS Addon
THE THOMPSON REALTY GROUP
399489
: Corner
5740
R
$0
$0

Lots and Land For Sale

18Th Ave, Irvington Twp., 07111-2757

0.23 Acre
$850,000
Listing ID #49851
Basic Details
Property Type : Lots and Land
Listing Type : For Sale
Listing ID : 49851
Ref ID : 3836806
Price : $850,000
Lot Area : 0.23 Acre
Country : US
County : Essex
City : Irvington Twp.
Zipcode : 07111-2757
Status : Active
Lot Size : 100 X 100
Taxes : $9,269
Tax Year : 2022
Active Days on Market : 0
Agent info
Century 21 Gemini LLC
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