742 Lyons Avenue Irvington, NJ 07111
Listing Courtesy of: NJMLS / Coldwell Banker Realty / Paul "Paul E" Washington

  742 Lyons Avenue Irvington, NJ 07111

Active (11 Days)

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.

MLS #:
25009484
Type
Multifamily
Style
Rtl/Apt
County
Essex County

Listed By

Paul "Paul E" Washington, Coldwell Banker Realty
Source
NJMLS
Last checked Apr 3 2025 at 2:05 PM GMT+0000
Bathroom Details
Exterior Features
  • Roof: Flat
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 NJMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/3/25 07:05