Penny Lane Realtors
We were unable to find listings in East Rutherford, NJ
2250 sf block building with high ceilings on nice sized lot Zoned R4 (Residential transitional). Previously light industrial, zoning was changed while property was operating as a place of worship under a variance. Being sold as is.
Haircraft Salon, situated within the bustling Tonnelle Plaza, presents a prime opportunity for aspiring salon owners or investors. Boasting a current lease with 5 years remaining, this turnkey business is primed for success. The salon's inclusive environment fosters a diverse clientele, ensuring everyone feels welcome and valued. With skilled stylists proficient in a wide range of hair services, from cutting-edge styles to rejuvenating treatments, Haircraft Salon is poised for growth and profitability. Don't miss out on this chance to acquire a thriving business in a desirable location.
This value add offering consists of 2 Legal Properties, 30 W. Fort Lee Rd. and 42 W. Fort Lee Road. The subject properties contain approximately 6,766 SF of rentable space divided up into 10 separate units. The unit sizes are approximately 900 SF, 715 SF and 600 SF each. 1 of the 10 units has a 10 foot roll up door. Each unit pays their own heat/hot water and has a fully sprinklered basement. As of 3/8/24 there are 3 vacant units on site and the current monthly income is $9,650 per month. 4 of the units are month to month tenants Fully rented this asset should bring in approximately $14,150 per month without raising any of the rents on the month to month tenants in the property. Once fully occupied the Cap Rate at the list price should be approximately 8%. Bringing the additional month to month tenants rent to the market rate should increase the monthly gross income to approximately $15,550 per month bringing the cap rate up to 9.8%
Opportunity knocks with this mixed-use building offering an iconic, thriving Restaurant/Bar business with a rich history and 4 residential apartments. Established nearly a century ago, The Old Canal Inn is poised to continue propelling forward. Total patron capacity of 186 including the 75 in the dining room. An extensive craft beer list flows through the 30 taps, with a strong customer base which enjoys the outdoor patio, live entertainment, catering, private parties and the in-house regulation shuffleboard table as well as the 22 large screen TVs. The kitchen and restaurant received a total renovation in 2015. AC systems (2022), Boiler (2020). The residential apartments are well-maintained and fully occupied. Turn-key, profitable operation with strong potential for added growth.
Seize the opportunity to own two side-by-side mixed-use properties in the heart of Teaneck, New Jersey. These well-positioned buildings present a rare chance to acquire significant real estate assets in a bustling commercial district. Currently yielding a 6.81% cap rate, these properties offer substantial upside potential with projected rents that could increase the cap rate to approximately 9.85%.Both properties feature a blend of retail and residential units, creating a balanced income stream that leverages Teaneck's dynamic market dynamics. The commercial spaces are ideally suited for high-traffic businesses seeking visibility and accessibility, while the residential units appeal to a steady rental market, ensuring continuous occupancy.Invest in a location that stands the test of time, offering both immediate returns and long-term growth potential. These legacy buildings represent more than just an investment; they are a cornerstone for future generations to build upon.Ideal for savvy investors looking to expand their portfolio with stable, high-yield assets, these properties promise not only financial rewards but also the opportunity to own a part of Teaneck's vibrant community. Don't miss out on this incredible investment opportunity to buy into a location and legacy that will deliver returns for years to come.
Ideally located and close to a highly traveled mechanicalized intersection sits this two-story office building! Convenient private parking in the back with 5 tandem spots. The first floor features a reception area, desk, 5 examination rooms, office, private bathroom, lunch room/work station and another private bathroom. In addition, this unit has use of the full, unfinished, dry basement with storage shelves and bilco-door rear entrance. The upper-level office features a therapy room, along with an additional treatment room with kitchenette, storage room and shower. A waiting room with reception area, private office, private bathroom, and two additional bonus rooms completes this level. A great opportunity, come check it out today!
Discover an exceptional investment opportunity in the coveted town of Hackensack! This mixed-use property boasts three large 1-bedroom units alongside two versatile commercial spaces. Situated in a prime location, this property offers the best of both residential and commercial income potential. Whether you're an experienced investor looking to diversify your portfolio or a newcomer seeking a solid investment, this property provides an enticing chance for growth. Its proximity to urban conveniences, transportation links, and a thriving community enhances its appeal. Seize the opportunity to maximize your returns and expand your investment portfolio in this booming area.
Outstanding Property! All Brick bldg. 2 office front stores, Have your business on 1st level and rent 2 apts upstairs.... 1st flr unit has 2 bedroom, liv. rm, din.rm EIK completely renovated, ceramic floors through-out.. 2nd unit features 3 bedrms, liv.rm din.rm, EIK, also, with ceramic flrs.. two large offices on ground flr can be use for a Pharmacy, landscaping, Electrical bus. Esthetician, any business that wants high visibility...This great bldg has been completely renovated, 4 unit air-conditioner, 4 unit furnace, tenants pay heat and all utlitiies, Brand new roof, 2 storage garage in back with plenty of parking space....
Luxury 18 unit apartment building built in 2016. There are a total of 18 units/ 8 garages 4 first floor units with attached garages/3 2 bed/2bath, 1-1bed -sq ft varies. 7 second floor units all 2 bed/2 full bath - Rents $2200-$2500- 1100 sq ft. 7 second floor units each with a loft 2/bed/2 full baths- Rents are $2400 - $2850 1500 sq ft. Each unit has h/w floors, w/d in unit/ SS appliances including dishwasher/microwave, central air, balcony for each 2 and 3 floor unit. First floor units have private patio in rear. Conveniently to major highways, Downtown Montclair and train.
Commercial mixed-use building in good condition & great location in downtown Paterson. 1st floor is a currently up & operating restaurant. Current rent $4640 with a lease thru 2025. 2nd floor is 1 studio apartment. Current rent $1200 & 1 - 2-bedroom apt. Current rent $1630. 3rd floor is a 1-bedroom apt. Current rent $800. Conveniently located to shopping, public transportation & major highways.
Commercial mixed-use building in good condition & great location in downtown Paterson. 1st floor is currently office space. Current Rent $5500. 2nd floor is a 3 bedroom apt. Current rent $2000. 3rd floor is a 3 bedroom apt. Current rent $2500. All separate utilities. Conveniently located to shopping, public transportation & major highways.
Commercial mixed use building in good condition & great location in downtown Paterson. 1st floor is currently occupied office space for an attorney with use of the basement as well for storage. Current rent is $5500. 2nd & 3rd floor is a combined 1 unit apartment with 4 bedrooms. Currently rented for $2800. All separate utilities. Conveniently located to shopping, public transportation & major highways.
6 Family home with parkling for approx 8 cars. Solid all-brick building fully rented in good condition. Great investment opportunity. Features 5-3 bedroom 1 bath apartments and 1-2-bedroom 1 bath apartment. All have eat-in-kitchens & living room. 2 coin-operated washer/dryers for added income. Roof is approx 10 years old. Landlord provides heat for 3 units, 3 units have separate heat/central ac. Each tenant pays own hot water, cooking gas & electric. 5 apts have leases expiring July 31, 2024. Rent amounts: 1R-$1,163 1L-$1,417 - 2R-$1,560 - 2L-$1,417 - 3R $1,184 (m/m)- 3L-$1,388. Gross Income: $97,588 yearly - Laundry Income: Between $1,200 - Expenses: $7,000 (heat and electricity) Water: $4,700 Insurance: $6,445 yearly Maintenance: $2,040 (garbage and snow removal). Exterminator: $1,200 yearly - Boiler Worry free program - $1440 Year. Total Expense $35K Approx Net $64K.
B-2 zoned professional office/mixed use with approx. 10,683 sq ft on approx. 15,512 sq ft lot. Highly visible location on busy corner in a desirable neighborhood with easy in/out access to 24 space private parking lot.
Location! Location! Dental office includes furnishings, most equipment and supplies, READY TO OPERATE! Professional condo in a mixed residential/professional building in the heart of JOURNAL SQUARE. Two (2) modern operatories furnished with Dexis Platinum digital X Ray, one Piccasso+ laser, NSK electric handpieces, etc.. Two (2) additional operatories unfurnished, plumbed, wired and networked. This is an excellent opportunity for a GP or specialist. 2 Blocks to PATH transportation, bus depot--NYC bus at front door! Condo Parking lot across the street with space available at add'l fee. 2024 Owner had tax appealed, NEW TAX = $5,132! One owner for over 35 years, well cared for and maintained. Unit has private office plus receptionist and reception area, kitchen, plenty of closet space as well as additional storage unit in the building. Building amenities include gym, sauna, 2 elevators, doorman and convenience of mass transit at doorstep! 3 blocks to PATH train and Journal Square bus depot. This is an excellent opportunity to grow a business in a burgeoning area of Jersey City!
Mixed use property in great location. Retail not eh ground floor with two 2-bedroom apartments not he second floor. Separate utilities. Month to month tenants.
COMMERCIAL BUILDING & 2 ADJACENT LOTS! Discover an exceptional 1.57 acres investment opportunity in the heart of Upper Montclair! The commercial building, ideally located just around the corner from the NYC train station, offers five spacious suites perfect for businesses of all types and a two-bedroom residential apartment adds versatility to this property. What makes this offering even more enticing is that it includes two adjacent lots, providing potential for future expansion or development.Situated just 1/2 mile from vibrant Upper Montclair Village shopping, restaurants, cafes and parks. Don't miss the chance to own a piece of this prime location with endless possibilities.
mixed use. 4 apartments, warehouse, storage. Available individually or as part of portfolio
Ideally located mixed use 3 story property near everything. 1st floor food prep & distribution business, 2nd & 3rd floor apartments offer ample space. Requires some updating. Sold in strictly as-is condition. Buyer responsible for CO.
Mixed use property, One 3 bedroom / 2 full bathroom apartment and big balcony on the 2nd floor and Well known deli and grocery business on the 1st floor. Located at the corner of 16th St and Kennedy Blvd. High visibility. Great location for any kind of business or office. Attached 1 car garage and one spot on the driveway. New aluminum fence and new hot water tank. Business sold separately. Listing broker is related to the seller.
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.
