Property

Irvington Twp., NJ 07111 742 Lyons Ave

742 Lyons Ave Irvington Twp., NJ - Image 1742 Lyons Ave Irvington Twp., NJ - Image 2742 Lyons Ave Irvington Twp., NJ - Image 3
Presented By: COLDWELL BANKER REALTY; 646-344-9964
  • MLS# 3952551
  • 03/24/2025
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  • Full/Half Baths • 0 / 7
  • SQFT • 7,800
  • Garage • 5

Home Details

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.
Presented By: COLDWELL BANKER REALTY; 646-344-9964

Interior Features for 742 Lyons Ave

Bedrooms

Num 4 Bed Units

Bathrooms

Num Units w/Full Bath4
Num Units w/Half Bath3
Half Baths7

Other Interior Features

Price Per Sq Ft165.90
Available Sq Ft7800
Num 3 Bdrm Units4
Num 2 Bdrm Units0
Num 1 Bdrm Units
BasementUnfinished
Fuel TypeGas-Natural
Total Stories3

General for 742 Lyons Ave

Cap Rate7.10
ConstructionBrick/Block, Wood
CoolingSee Remarks, Window A/C(s)
CountyEssex
DirectionsSpringfield Ave to Lyons Ave
Documents AvailableIncome & Expenses, Pro Forma, See Remarks
DriveHard Surface, Off-Street Parking, Parking Lot-Exclusive
EasementUnknown
Equipment AvailableSee Remarks
Farm AssessmentNo
Garage Spaces5
HeatingForced Hot Air
Leasable Area
LocationCorner, Residential Area
Net Operating Income92191
Num Apts4
Number Of Units Total7
OwnerPaysSewer, Water
OwnershipFee Simple
PossessionAt Closing
Prior UseApartment Rentals, General Retail
Property TypeApartment Complex, Mixed Use, Store With Apartment
Property TypeStore With Apartment
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameSouth Ward
Tax Annual Amount29249
Tax Assessed Value902000
Tax Lot1
Tax Year2024
Tenant PaysElectric, Gas, Heat, Hot Water
Town #1609
TownshipIrvington Twp.
UtilitiesElectric, Gas-Natural
Utilities Paid ByLandlord
Year Built1960
ZoningB-1

Exterior for 742 Lyons Ave

Building Area Total7800
Exterior DescriptionVinyl Siding
Lot Dimensions61.5 X 113.21
Lot FeaturesCorner, Level Lot
Lot Size Acres0.16
Max Ceiling Height8
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking5
Water SourcePublic Water

Additional Details

Price History

Ebonie Clerier

Associate
Price $1,299,000
MLS#3952551
List Date 03/24/2025
Property Type Commercial
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