742 Lyons Ave - Storefront Retail/Residential FOR SALE


Irvington, NJ 07111
$1,299,000 USD
646-344-9964
742 Lyons Ave, Irvington, NJ for Sale
$1,299,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | 7.1% Cap Rate

742 Lyons Ave
Irvington, NJ 07111


HIGHLIGHTS

  • Current 100% Occupancy
  • High Corner Lot Visibility
  • Off-Street Parking
  • Rental Income Upside

OVERVIEW

3-story masonry construction offering +7,800 sf inclusive of 7 separately metered income producing units; four 3-Bed/1-Bath apartment dwellings and three retail storefronts anchored by national pizza brand Papa Johns. Current 100% occupancy serves as basis for in-place cash flow and apartment rental income upside ranging -52% below the area's median market rate. Built around 1960, this corner lot asset benefits from high corner lot visibility at a signalized 4-way traffic intersection adjacent to the Garden State Parkway and close proximity to I78/Irvington Park. The property is zoned B-1 "Neighborhood Business" offering versatile potential for businesses. Amenities include on-site driveway parking for 5-6 vehicles and immediate access to public bus transportation. With scalable rental improvement and excellent location, this property presents a compelling opportunity for Core Plus/Value Add investors seeking long-term growth potential in the commercial real estate space.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

B-1

APN/PARCEL ID

09-00264-0000-00001

ASK ABOUT THIS PROPERTY

Paul E. WashingtonColdwell Banker Commercial RealtyMore Info
646-344-9964

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Paul E. WashingtonColdwell Banker Commercial RealtyMore Info
646-344-9964

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.