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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.
| DAYS ON MARKET | 2 | LAST UPDATED | 3/24/2025 |
|---|---|---|---|
| TRACT | South Ward | YEAR BUILT | 1960 |
| COMMUNITY | Irvington | COUNTY | Essex |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Irvington |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Vinyl Siding, Wood Siding |
| HEAT | Forced Air, Natural Gas |
| LOT | 6970 sq ft |
| LOT DESCRIPTION | Corner Lot, Level |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | South Ward |
| TAXES | 29249 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | B-1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with COLDWELL BANKER REALTY
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