Penny Lane Realtors
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Currently leased to a Sanitation company.Billboard on property also leasedClean Environmental
Approved for 24 units in the Ironbound. Ground floor parking garage with 24 spaces. Fifteen 1-bedroom plus office apartments and nine 2-bedroom apartments. Site plan available upon request. Full construction drawings and permits not included. Property currently contains four 25x100 warehouses that are rented with month-to-month tenants. UST have been removed and the site is clean.
Impeccable warehouse offering versatile possibilities. Includes an attached office, 2 half baths, kitchen area, solid concrete floors, flat roof, 10.5-foot high ceilings, and central air and heat. Plans for 14 units are in progress; the buyer can continue the process if desired, covering associated costs. Conveniently situated on Bloomfield Ave to North 11th Street, the first building on the right side. Prime location near a school stadium, with walking traffic and accessible public transportation. Property being sold AS-IS . Seize the opportunity! Plans for 15 units have been submitted to Newark City Hall. The purchaser has the option to either build up or maintain the property as it is.
Located at the bustling intersection of Park Ave and N 16th in East Orange, this commercial property presents a lucrative opportunity for investors and developers alike. Comprising two adjacent lots at 50 Park Ave and 44 Park Ave (13400 sqft), this corner lot boasts high visibility and exposure, making it an ideal spot for a range of businesses. Currently operating as an automobile repair shop.Zoned as Commercial 4A, versatile usage options: retail, office space, service-oriented. Situated at a prominent intersection, the property benefits from heavy foot and vehicle traffic, ensuring maximum exposure for any business venture. Development Potential: In addition to its current use, the property holds significant development potential. With plans in progress to obtain a residential permit for a 16-unit building, investors have the opportunity to capitalize on the burgeoning demand for housing in the area. The corner lot configuration offers maximum visibility and accessibility, making it an attractive location for businesses seeking to establish a strong presence in the community. #Buyer is responsible for conducting their own due diligence about zoning & development. Don't miss out on this exceptional opportunity to invest in a prime commercial property.
This is an opportunity to open your dream restaurant everything included in the sale, located in the crown jewel of Newark, includes 2 apartments above, this is a highly desirable location with all modern dinning interior design from top to bottom, featuring a complete inventory list of tops of a line kitchen/restaurant equipment. Title work, title floors, high ceilings, and plentiful overhead lighting, indoor and outdoor seating area combination, outdoor bar with a feeling of tropical atmosphere Great accessibility to RT 1&9, 78, 21, and turnpike!!!!!!!!!!! to be sold as a package MLS3875415 and 3875420 and MLS 3875427
Great Investment Opportunity!!This building consist of 8 units with 6 one bedroom and 2 commercial spaces. the rents are as follow: Apartment1 $850; Apartment 2 $1,000; Apartment 3 $850; Apartment 4 $1,000; Apartment 5,$1,500; Apartment 6 $900; store(1) $1,500; Store(2) $3,000.
ENDLESS OPPORTUNITIES FOR THIS COMMERCIAL/INDUSTRIAL PROPERTY LOCATED ON THE BORDER OF BLOOMFIELD AND NORTH NEWARK. MANY OPTIONS FROM A BUSINESS ASPECT, BUSINESS IS NOT INCLUDED IN SALE.
Introducing a rare and unique mixed-use building, perfectly situated in a high- traffic area! This property offers a professional kitchen on the first level, complete with industrial equipment, 2 delivery vans and ample dry, refrigerated, and frozen storage space making it the ideal location for any commercial quantity food preparation, culinary enthusiast, or professional chef. This sale includes a food preparation business servicing 55 supermarkets throughout New York and New Jersey with an opportunity to grow the business exponentially. Great ghost kitchen option for offsite caterers, food truck operators or mass produced, pre-package cuisine for additional revenue.The second and third levels feature two spacious, thoughtfully designed apartments, one with 2 bedrooms and 1 bath and one with 3 bedrooms and 1 bath that are income generating. Each apartment has its own private entrance, an abundance of natural light with hardwood floors and durable finishes. In addition to the fantastic living and commercial spaces, this property also comes with a private parking lot, offering tenants and guests the ultimate convenience and peace of mind. With its prime location in a bustling area, this mixed-use building is perfect for those looking to start or expand their business while simultaneously generating income.Don't miss out on this once-in-a-lifetime opportunity to own a successful business as well as a piece of prime real estate.
This mixed-use property in the IRONBOUND section of Newark presents a FANTASTIC OPPORTUNITY for those looking to start their own business or invest in a rental property. It consists of two separate residential houses and one commercial unit currently operating as a restaurant and bakery. One of the houses consists of 2 large updated bedrooms and 2 bathrooms, while the other has 3 bedrooms and 1 bathroom. Both houses feature beautiful hardwood floors throughout, updated kitchens, central AC, in-unit laundry, parking, and a basement. The property is fully leased with great tenants. It is located in a mixed district business and residential area, just one block away from Route 21 and a 5-10 minute drive to Newark airport. Additionally, it is within walking distance of Newark Penn Station, making it a must-see property. PLEASE DO NOT DISTURB THE TENANTS.
Exciting Turnkey Restaurant/Cafeteria in Newark's Ironbound SectionAttention hard working entrepreneurs! Here's your chance to dive into an amazing opportunity in Newark's bustling Ironbound Section " a fully-equipped restaurant/cafeteria ready for your touch of success.Highlights:Prime Location: Situated in the heart of the lively Ironbound Section, this spot attracts a diverse crowd with its cultural richness and foot traffic.Ready to Roll: Walk into a fully-equipped space with top-notch kitchen gear and inviting furnishings " no need to start from scratch.Smooth Transition: Operational systems are in place, and there's a loyal customer base waiting for you. Take over hassle-free and start making your mark.Endless Possibilities: Whether you want to continue the current theme or try something new, the sky's the limit for success.Secure Lease: Enjoy peace of mind with a lengthy and transferable lease, giving you stability as you grow.Why This Opportunity?Gateway to Growth: Expand your existing business or start fresh with a solid foundation in the Ironbound Section's bustling marketCommunity Connection: Connect with locals who appreciate authenticity and quality " become a beloved part of the neighborhood.Strategic Advantage: With a prime location and fully-equipped setup, stand out from the competition and make your mark in Newark.Don't miss out on this opportunity. Dive into Newark's Ironbound Section and turn your passion into profit today!
Large commercial condo on busy Clinton Ave in Newark. This 1,090 sq ft retail space offers 14ft ceilings, large store front windows, modern tile floors throughout, & central A/C. Ideal for multiple uses. This commercial unit boats private gated parking, access to the condominium gym, and private 4,000 sq ft outdoor garden/yard space. Conveniently located minutes aways from Penn station with Public Transportation directly in front of the building. Quick access to NYC Trains, and Newark Airport. Owner motivated.
Mixed Use investment opportunity next to Silver Lake Station in Belleville. Convenient to shopping, restaurants, schools, houses of worship. Two residential units on the second floor, (1) One bedroom, and (1) two bedroom unit. Three off street parking spaces. First floor was a laundromat for 35 years, the machines are gone and the unit is vacant, but the infrastructure remains. Also on the first floor is an office, kitchenette, full bath and half bath. First floor could be divided into two commercial units, as it was prior to the laundromat tenant. Apartment photos taken when vacant.
THIS 12000SQ-FT LIGHT INDUSTRIAL BUILDING IN NEED OF SOME TLC. THE PROPERTY NEEDS JUST ABOUT EVERYTHING! FROM ROOF TO FLOOR AND SO ON...
Shopping center for sale! Total of 17,000 SQ FT building, 41 Parking spaces, 9 stores, fully rented with long term leases all tenant on the triple net lease. Built in 2010, current tenants Dunkin. Dunkin Donuts, Spa, Laundromat, BBQ, Butcher, Grocery Store, and others. tenants pay all operating expenses & property taxes on top of rents Year net income $523,000.
Excellent Location in the heart of the city of Newark New Jersey. This tall building is on a corner lot conveniently located to accommodate any kind of business. It is very close to all the major highways, shopping centers, stadiums, universities, and an easy commute to the major cities. all transportation available such as buses, shatles, trains and more. The walkout basement is fully finished and conveniently divided in suites for easy set up. First floor leased to a successful restaurant with term lease negotiable, second floor vastly open, excellent set up for a training center, a school, insurance company or any other business. This location is fully commercial zoned. It can be delivered as soon as possible.
Retail strip center with five units available. Well located, corner property at the intersection of North Grove and Hoffman Blvd. Close to the Bloomfield line. Close to all major highways provides east access. Building had an extensive renovation in 2023, inside and out. Building is approximately 3,500 sqft evenly dived between the five units. Total lot size is approximately 5900 sqft. Separate utilities for each unit; paid by the tenants. Current net operating income of $69,418 giving this property a 8.8% CAP rate. Don't miss this great investment opportunity.
Great opportunity to own over 10,000 square feet of wharehouse in the ironbound commercial Industrial area minutes from Port Newark, EWR, 1&9, turnpike, 78 and rt 21.NEGOTIABLE
Back on the market, buyer could not perform. Unlock the potential of this hidden gem in the heart of Newark's bustling Bloomfield Ave. This prime commercial property offers a unique opportunity for savvy investors seeking a strategic location and versatile space. With a little TLC, this property can become a lucrative investment. Renovate and elevate its charm to attract businesses and tenants seeking the best of city living. Proximity to public transportation, including bus routes and Newark Penn Station. Store front and 2 spacious apartments that consist in 5 bedrooms and 2 full baths each unit. All tenants are month to month. The property will not be delivered vacant. Don't wait as it will not last long.
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.
Uncover a remarkable investment potential in Newark! This BRAND NEW MODERN PROPERTY is a mixed-use property features TWO 3-bedrooms with two bathrooms units and 1 adaptable commercial space. Nestled in a prime location. It presents an ideal blend of residential and commercial income possibilities. Whether you're a seasoned investor aiming to diversify or a newcomer seeking a stable investment, this property offers an alluring opportunity for growth. Enhanced by its proximity to urban amenities, transportation, and a vibrant community, seize the chance to optimize returns and broaden your investment portfolio in this thriving area. IT QUALIFIES FOR TAX ABATEMENT
Opportunity knocks! Side by side lot acts as 1 property! Combination lots 25x75 each = 3750 sq ft. Small 2 room office and bath. Warehouse, Garage, Storage facility all possible. Roof and support beams recently replaced. Electronic garage door. Modern electric upgrades inc. Space heater, security. cameras. Additional half bath. Lease to own or straight lease possible for the right client
