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$6,000,000
154 Eastern Parkway, Irvington, NJ, 07111
MLS# 26009503
Commercial — Retail
Property Type
Description
UNLOCK THE POTENTIAL: HIGH-TRAFFIC IRVINGTON DEVELOPMENT SITE Developers and investors — this is your rare opportunity to acquire nearly an acre (.97 acres) of strategically located, 4-A zoned real estate in the heart of Irvington. This site offers a strong foundation for residential, mixed-use, or entertainment redevelopment, and comes package-ready with bonus licensing opportunities. Currently operating as a lounge and entertainment venue, this versatile 13,900± SF building sits on a 37,804± SF lot with 100 dedicated parking spaces, making it ideal for high-traffic concepts. The structure also includes an additional 5,000± SF of underutilized storage/function space, prime for conversion into rentable area or expanded use. 4A Zoned | Potential for multifamily, mixed-use, religious, event, or commercial development, 37,804± SF Lot | Flat, accessible, and well-located for redevelopment 13,900± SF of Active Use | Operating as a lounge with built-in infrastructure 5,000± SF of Additional Space | Former function rooms with conversion potential100 Parking Spaces | Rare for the area; supports high-capacity operations Minutes from Garden State Parkway | High visibility & commuter convenience. BONUS VALUE: LICENSE PACKAGE AVAILABLE (At Additional Cost) This is a bundle package 4 lots and one 2 family building consiting of, 154 Eastern Pkwy,411-421 16th Ave,405 16th Ave, and 403 16th Ave.
Tax & Financial Information
| Annual Property Taxes | $1,586 (NJ Public Records) |
| Tax Assessment | $139,000 |
| Land Assessment | $136,900 |
| Original List Price | $600,000 |
| Listed | March 23, 2026 |
Listing Information
Listing Office: Real — 855-450-0442
Listing Agent: Felicia Hankerson — 973-868-8076 — buyfeliciaslistings@gmail.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 6/20/2026.
Total Monthly Cost
$38,765/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $1,200,000 | Loan: $4,800,000
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Irvington
Morris & Essex
Newark Penn Station
~2 mi from town center
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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Information deemed reliable but not guaranteed. Last date updated: 10/26/2026.
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