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

  742 Lyons Avenue Irvington, NJ 07111

Active (117 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 Jul 18 2025 at 12:34 PM GMT+0000
Bathroom Details
Exterior Features
  • Roof: Flat
Location
   
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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 7/18/25 05:34