$999,000

We look back longingly at NYC in the 80s, Brooklyn in the 90s and Jersey City in to 2000s and think "if I only invested during that window of opportunity!" With rapid construction and infrastructure improvements in Newark property prices have gone up by 20%. That growth will inevitably continue to increase values in surrounding areas. 628 Grove St in Irvington is a golden opportunity to lock in a substantial commercial asset with immediate cash flow and the chance to leverage future development. The site consists of two 1500 SF retail spaces and a 7200 SF renovated warehouse with 18 ft ceilings and a full basement with 12 ft ceilings. Warehouse delivered vacant, both retail units are on month to month leases. An ideal long term buy & hold investment, massive owner occupied complex or develop the site into a mixed use masterpiece. Current gross rent roll $6500 per mo. Recent capital improvements: new roof, plumbing, bath structural beams, sub floors and bathrooms.