Coldwell Banker Commercial has been retained for exclusive representation in the resale of 264 Lyons Ave Retail Center,. The property features a 4,896 SF building improvement comprised of 6 fully occupied units; 5 retail storefronts and one 2-Bed/1-Bath apartment dwelling. Built around 1960, the C-2 zoned "community commercial" location offering significant potential for investors/developers seeking ground-up construction opportunities for "as-of-right" mixed-use development up to 5 stories. The property allows for new ownership to potentially leverage in-place income supported by in-place 5% annual rent escalations (retail tenants only) from stabilized tenancy while pursuing municipal approvals for proposed repurposing of the improved +10,000 sf land parcel.