NJ > Irvington Twp. > South Ward
Irvington Twp., NJ 07111,742 Lyons Ave
Irvington Twp., NJ 07111,742 Lyons Ave
Irvington Twp., NJ 07111,742 Lyons Ave
Irvington Twp., NJ 07111,742 Lyons Ave
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Caitlin Schlaffer

Caitlin Schlaffer

+1(862) 266-7107
$ 1,299,000
Est. payment | /mo

7,800 SqFt

Save
$ 1,299,000
Est. payment | /mo
Save

7,800 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,800 sqft

Price per Sqft $166

Subdivision South Ward

MLS Listing ID 3952551

Year Built 1960

Annual Tax Amount $29,249

Tax Year 2024

Lot Size 6,969 Sqft

Property Sub-Type Mixed Use

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-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.

Location

State NJ

County Essex

Zoning B-1

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling See Remarks, Window A/C(s)

Equipment See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Garage Spaces 5.0

Utilities Available Electric, Gas-Natural

Roof Type Flat

Building

Lot Description Corner, Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by COLDWELL BANKER REALTY
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+1(862) 266-7107

caitlinschlafferrealtor@gmail.com

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742 Lyons Ave