1. New Jersey
2. Irvington
3. 742 Lyons Avenue

742 Lyons Avenue, Irvington, NJ 07111

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.

Listing Status:

Active

Date Added:

March 24, 2025 at 05:00AM

Listing Office:

Coldwell Banker, Upper Montclair : 973-233-2300

Listing Agent:

Paul Washington : 646-344-9964

MLS ID:

25009484

Construction

• Roofing: Flat

Location

This listing courtesy of Paul Washington, Coldwell Banker, Upper Montclair