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Introducing 742 Lyons Ave Mixed Use, a 3-story masonry construction offering +7,800 sf inclusive of 7 separately metered income producing units; four 3-Bed/1-Bathapartment dwellings and three retail storefronts anchored by national pizza brand. 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.PROPERTY FEATURES
Number of Units : 7
Number 3 Bedroom Units : 4
Number Units w/Full Bath : 4
Number Units w/Half Bath : 3
Utilities : Electric, Gas-Natural
Water : Public Water
Sewer : Public Sewer
Number of Parking Spaces : Hard Surface, Off-Street Parking, Parking Lot-Exclusive
Available Parking Spaces : 5
Exterior Description : Vinyl Siding
Lot Description : Corner, Level Lot
Lot Size : 61.5 X 113.21 S.F
SQFT Available : 7800 S.F
Building Area : 7800 S.F
Acres : 0.16
Zoning : B-1
Cooling : See Remarks, Window A/C(s)
Heating : Forced Hot Air
Fuel Type : Gas-Natural
Construction : Brick/Block, Wood
Construction Date/Year Built Description : Approximate
Roof Description : Flat
Basement Description : Unfinished
Max Ceiling Height: 8
PROPERTY DETAILS
Street Address: 742 Lyons Ave
City: Irvington
State: New Jersey
Postal Code: 07111-3123
County: Essex
MLS Number: 3952551
Year Built: 1960
Courtesy of COLDWELL BANKER REALTY
City: Irvington
State: New Jersey
Postal Code: 07111-3123
County: Essex
MLS Number: 3952551
Year Built: 1960
Courtesy of COLDWELL BANKER REALTY
Courtesy of COLDWELL BANKER REALTY
Courtesy of Coldwell Banker, Livingston