Penny Lane Realtors
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Unique Mixed-Use Income Generating Investment Opportunity, perfectly situated in a high traffic area. Property offers two newly renovated two bedroom residential units on the second floor. First Floor currently leased to a Liquor Store and separate Convenience Store (Bodega). Great Opportunity to own a piece of prime real estate.
A commercial real estate opportunity comprising of three buildings is available for purchase as a package. Building #1, 68-70 Garden St, features a 4,000 sqft warehouse currently used for custom window manufacturing, boasting 16 ft ceilings and a 10ft bay garage door. Building #2 168 McWhorter St is a 2,400 sqft restaurant with two half baths while Building #3 170 McWhorter St consists of four 1,800 sqft units. Unit 1 is leased to the neighboring restaurant, and above it, Unit 2 houses an art studio. Unit 3 is another 1,800 sqft warehouse, and atop it, Unit 4 is home to the Renzo Gracie Brazilian Jiu-Jitsu Martial Arts school. Motivated Seller: Bring all offers!!!
Huge warehouse space approx 6000 sq ft nestled right off Elizabeth Ave, separate garage doors, loading dock, Heavy-duty electric, was formerly a water bottling company. Perfect for light industry, Growing facility, Food distribution, Mechanical repair, etc. Let your imagination run wild. Attached garage bay for 4 cars, a must-see!!!!
INTRODUCING A RARE 7 UNITS INVESTMENT OPPORTUNITY IN THE IRONBOUND SECTION OF NEWARK. SEPARETE UTILITIES IIN THE BUILDING . A MUST ABSOLUTE SSE! LOCATION NEAR PENN STATION AND ALL MAJOR HIGHWAYS, SCHOOLS AND SHOPPING CENTERS.
This is a great business opportunity in the heart of Ironbound. A corner street coffee shop/bakery for sale. Which includes a nicely sized kitchen with storage space.
Introducing an unparalleled investment opportunity: a fully operational restaurant bar that stands as the epitome of profitability and potential. This property isn't just another venue; it's a lucrative business venture waiting to be seized. Immerse yourself in a world of endless possibilities as this establishment comes fully equipped and in impeccable condition. From the moment you step through the doors, you'll realize the immense potential for success that awaits you. This property stands out because it includes a coveted liquor license, boosting revenue potential from day one. Beyond just a bar, it offers multiple revenue streams with two studio apartments and two full apartments providing rental income opportunities or accommodations for staff members. Additionally, a dedicated banquet area caters to large groups and special events, ensuring a steady stream of patrons year-round. Ample storage space in the walk-in basement and freezers allows efficient inventory management. Entertainment areas on both floors elevate the guest experience, with a DJ booth on each floor for live music events or private functions. This turnkey opportunity promises prosperity, eliminating the hassle of starting from scratch and positioning you for success in the bustling restaurant and bar industry. Seize the moment and transform your entrepreneurial dreams into reality.
LOCATION LOCATION. Calling all business owners and investors! Mixed use property next to all major highways and 3 minutes from EWR. Brand new roof in 2020. Fully loaded with solar panels that are owned along with a battery wall system to run independently from grid during power outages. 1st floor is approx 1400 sq foot garage zoned commercial. 2nd fl is a huge open concept apartment that can be converted to office space should owner decide to do so.
This 5-unit building combines residential and commercial space. The 4 residential units offer rental income, while the bar/restaurant offers the possibility of running your own business or rent it out for a significant increase on your rental income.
Welcome to 642-644 Newark Avenue, Elizabeth, NJ, this full service salon is polished and renovated. Owner operated buyer is perfect fit, as current owner would stay on as an operator as well. ROBUST neighborhood Hair Salon, with 8 stations, 2 color, and two wash stations, plus a separate wax/facial room.
Class A rooming house, 1sr floor has 2 offices, 2nd floor 5 furnished rooms, and 3rd floor has 1 bedroom apartment. All rentals have no leases. Monthly rents of $4,080 excluding one office. Easy access to the PATH train and buses.
1,700 SF warehouse with 18 foot high ceilings, front garage door entrance and rear roll up door plus private office and bathroom. Zoned C-2. Currently operating as an auto body repair shop. Tenant is on a M-M lease. Well located within close proximity to 78, NJ Turnpike, 1-9 and Newark Liberty International Airport. Also for sale MLS #3889502 - adjacent lot behind building - vacant land located at 261-263 Sherman Ave.
Welcome to the heart of Elizabeth, Turn This fully equipped salon is ready for a new owner. Approxiametly 1000 sqft, must do due diligence.
Good opportunity to own an established producing business located in the center of town near Broad street, heavy walking traffic and bus stop. A must see.
Four family w/additional units & a duplex with room on lot for additional duplex. All w/ 2 bedrooms, kitchen, living room, full bath. Wood & tile floors. All utilities separate. Storage & a nice backyard area for tenants.
Wonderful commercial property located in the heart of Elizabeth with tons of potential .Walking to a operational business which has been operating for 20 plus years. Kitchen with high quality appliances, full kitchen set included, refrigerators included, furnitures tables and chair. Huge Basement with high ceilings. In addition, there is a Catering hall in the second floor for more potential business. HVAC central air and forced hot air. A must see! Run this business and win!
Great Opportunity for an entrepreneur who would like to start their own Restraunt / Bar or Club with liquor license included, at an amazing location, already running. Located in a great high traffic street, near shopping and walking distance to train station. Building also for sale separately MLS # 3881414. Can be purchased together.
Mix Use property with 2 Rental Units, 1 Bedroom Each. Bar/Restraunt with liquor license listed separately for sale MLS# 3880112. Can be bought together as a package or separate. Walking distance to train and public transportation.
THIS 12000SQ-FT LIGHT INDUSTRIAL BUILDING IN NEED OF SOME TLC. THE PROPERTY NEEDS JUST ABOUT EVERYTHING! FROM ROOF TO FLOOR AND SO ON...
Distinguished Opportunity: The Barge Inn - Restaurant, Bar, and Four Apartment UnitsPresenting an iconic opportunity to acquire not just one, but two well-established and highly successful businesses " The Barge Inn, a renowned restaurant and bar, along with four accompanying apartment units. This corner property, strategically positioned just off Newark Avenue, has proudly served as a neighborhood cornerstone for over five decades.Encompassing the full footprint of the lot, this property offers a myriad of possibilities for investors and entrepreneurs alike. Ideally located in proximity to Newark Avenue's pedestrian plaza and restaurant row, this establishment has been a consistent presence in the community.The Grove Street PATH features four apartments, each thoughtfully designed for modern living. Unit 1 comprises a one-bedroom with a bonus room and one bath, while Units 2 and 3 offer two bedrooms and one bath each. Unit 4 is a well-appointed one-bedroom with one bath. Alongside the residential units, the property includes a thriving restaurant and bar, both contributing to the allure of this investment.Currently, the owner is in the process of developing plans for a strategic redevelopment, presenting a substantial opportunity for new development in this prime location. The entire building, including the restaurant, bar, and apartments, can be delivered vacant, offering a clean slate for visionary projects.
Welcome to this fantastic 17-unit apartment building located in a highly desirable neighborhood. This property offers an incredible investment opportunity. 11 units 1 bedroom each and 6 studios, as well as 17 parking spaces. The building is ideally located near highway, schools and shopping centers. Don't miss out on this rare opportunity. Property is in As-Is Condition.
Welcome to the magnificent place of worship, a double lot and a single family home for sale. This grand establishment boasts a pulpit, a stage, a well-equipped kitchen, a convenient pantry, and dressing rooms. The property's soaring ceilings create an awe-inspiring atmosphere, and the basement adds an extra layer of wonder. Prepare to be amazed by the expansive basement space, which matches the size of the main building and features remarkably high ceilings. Within this vast area, you will find numerous rooms awaiting your creative vision. On the main floor, you'll discover three bathroom stalls, while the basement presents three stalls and an additional single bathroom, ensuring ample facilities for all visitors. This property is being sold together with a double lot and a four bedroom, 1 and a half single family home with an attach garage and a beautiful front yard. All three spans from 331-345 MEEKER AVENUE, and is comprised of four lots (BLOCK: 3576; LOTS: 18, 20, 22, 24), spanning the full city block from Jelliff Ave., up to Peshine Ave. Properties need some work. Strictly SOLD AS IS
Discover a unique investment opportunity in the heart of Elizabeth, located in the bustling Washington section. This all-brick, mixed-use building is perfectly positioned on a main street, featuring three units, two of which are currently operational. The ground floor hosts a commercial store, generating a monthly rental of $3,400. Above, find a spacious three-bedroom apartment with a full bathroom, upgraded vinyl flooring, and an eat-in kitchen that opens to a bright and airy living space complete with a porch/patio. This unit is ideal for both comfort and convenience, situated just blocks from the Broad Street shopping district and Elizabeth High School. The rear of the building offers an additional 1500-2000 sqft of space, ready to be transformed into another three-bedroom apartment, complete with separate electric and gas meters. With on-street parking and proximity to key amenities, this property promises significant income potential and is a lucrative investment for the savvy buyer.
This is a great investment opportunity to own a mix-used building with high ROI in a nice neighborhood in Newark, NJ. The building was constructed in 2009 by current owner with a restaurant on first floor and three apartments (Studio, 1-bedroom, 2-bedroom) on second floor. The restaurant just signed a 10 year lease, providing carryout and dine-in services. Apartments are newly painted and are rented now. Close to schools, hospital, parks, and airport. Easy access to major highways. Financial statements are available upon request.
