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- LoopNet Team
1211 Springfield Ave
Irvington, NJ 07111
Child Day Care Center · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Freeway Visibility
- Signage
ABOUT 1211 SPRINGFIELD AVE , IRVINGTON, NJ 07111
Lee & Associates is pleased to offer an investment opportunity located at 1211 Springfield Avenue in Irvington, New Jersey. The property consists of 10,500 square foot building on .33 acres of land. The building is currently being occupied by Building Blocks University, LLC. This tenant enjoys a prime retail location with tons of major retailers on that strip. The building is close to both exit 142A and 143B on the Garden State Parkway, easy access to I-78 and very close to downtown Newark. Building Blocks University is a local franchise day care with three locations in Essex County. This location has been opened and operating at 1211 Springfield Ave for over 10 years. Their other locations are on Mill Road in Irvington and also Walnut Street in Montclair. This Springfield Avenue location has a month to month lease. This Investment is attractively priced at $1.4 million with a high cap rate and major upside by renewing the tenants lease with favorable terms for the new landlord. The landlord is responsible for the real estate taxes, property insurance and capital improvements.
PROPERTY TAXES
| Parcel Number | 09-00340-0000-00005 | Improvements Assessment | $1,270,800 |
| Land Assessment | $425,000 | Total Assessment | $1,695,800 |
PROPERTY TAXES
