NJ > Irvington
Irvington, NJ 07111,742 Lyons AVE
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Irvington, NJ 07111,742 Lyons AVE
Irvington, NJ 07111,742 Lyons AVE
Irvington, NJ 07111,742 Lyons AVE
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Patric Santo Pietro

Patric Santo Pietro

+1(732) 570-5442
Listed by Paul Washington Coldwell Banker, Livingston
$ 1,299,000
Est. payment /mo
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Active Attorney Review

742 Lyons AVE Irvington, NJ 07111

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res/Com Mixed

Listing Status Active Attorney Review

Purchase Type For Sale

MLS Listing ID 25009484

Style Res/Com Mixed

Property Sub-Type Res/Com Mixed

Property Description

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-Bath apartment 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 I-78/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 prime location, this property presents a compelling opportunity for Core Plus/Value Add investors seeking long-term growth potential in the CRE space.

Location

State NJ

County Essex

New Jersey MLS (NJMLS)
agent

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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742 Lyons AVE

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