742 Lyons Ave Local commercial 725 m² 100 % Loué À vendre Irvington, NJ 07111 1 191 495 € (1 644,25 €/m²) Taux de capitalisation 7,10 %

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 Papa Johns. 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.