Penny Lane Realtors
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(3 LOTS) 12,500 SQ FT LOT WITH 3 WAREHOUSE SPACES & OFFICES. - 2,500 SQ FT SPACE ON 1ST FLOOR WITH LARGE OVER HEAD DOOR WITH ADTL 2,500 SQ FT OFFICE ON 2ND FL. - 1,500 SQ FT SECTION WITH OVER HEAD DOOR. - 3,500 SQ FT SECTION WITH 600 SQ FT OFFICE SPACE & OVER HEAD DOOR. - 5,000 SQ FT VACANT LAND USED FOR PARKING.
RENOVATED RETAIL SPACE READY FOR IMMEDIATE OCCUPANCY DOWNTOWN WITH HEAVY FOOT TRAFFIC - APPROX 8500 SQFT BUILDING - WITH ADDITIONAL OFFICE AND 1/2 BATH ON 2ND LEVEL. UNFINISHED BASEMENT FOR STORAGE. POSSIBLE REDEVELOPEMENT OPPORTUNITES. PROPERTY CONSISTS OF 4 LOTS -
Here's a fantastic chance to become the proprietor of your very own enterprise. This flourishing convenience store is abundantly stocked and strategically positioned, boasting a bus stop conveniently situated right at its entrance. Furthermore, you'll find lottery and ATM services readily available on-site. To enhance your product display options, there's a tailor-made display counter and wall shelving reaching all the way up to the ceiling. Additionally, a rear office space offers extra storage capacity for your supplies. Approximately 600 sq. feet, with 12-foot ceilings.
This 3 story 2500 sq ft corner building is centrally located in the busy downtown shopping center of Paterson . The property is 1 block from Passaic County Community College . Just a few blocks from the Paterson Police Department and Paterson municipal building and just a few blocks from City Hall and municipal & public parking garage. Next to the building is a large public parking lot, perfect for employees, clients and customers. Great location for hair salon, nail salon, barber, medical, retail, studio, teaching, restaurant and many other possibilities.
EXCELLENT MIX USED INVESTMENT OPPORTUNITY ARRIVE ON PRIME LOCATION! A STORE WITH GREAT EXPOSURE CURRENTLY LEASED TO A PIZZERIA(DELI)1600SQ FT WITH 1/2 BATH. RESIDENTIAL UNITS ON TOP. UNIT 2 FEATURES LIVING ROOM, DINING ROOM EAT IN KITCHEN AND 4 BEDROOMS,2 FULL BATH. WALK UP FULL SIZED ATTIC WITH VERY HIGH CEILINGS. FULL UNFINISHED BASEMENT WITH HIGH CEILINGS AND SEPARATE ENTRANCE. WOW NEW FURNACE ALL SEPARATE UTILITIES. 2 DETACHED CAR GARAGE,3 PLUS CAR DRIVEWAY. BRING YOUR ALL IMAGINATION HERE!!! MANY POTENTIAL!!!
This property consists of 1 retail space on first floor- currently a salon with 6 stations, 2 bathrooms and central air.2nd floor has 4 office suites with a shared bathroom in the corridor. Currently 2 vacant and 2 occupied.3rd floor needs renovation- 2 rooms and a bathroom with plenty of storage space. There are 10 parking spaces in the rear - Perfect investment property.*** Current rents are significantly under market rate but all are on a month to month basis.
Opp for investor or owner occ- 1st floor rented - 75x25 (1850 - increases income. 25x25 - 1200. 2nd for - apt. - 2000ft - extension possible with town approval, apt up to 2500ft. Potential 3rd flr to be added to 2nd to make 9 units with city approvals. With basement, the available sqft are 7,000ft. owner can close right away. Other rents are 1250 and 1850.
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%
Welcome to an expansive 10,000 +/- sqft industrial space located in the heart of Paterson, offering tremendous potential for various business ventures, particularly well-suited for distribution operations with its seven loading docks. This versatile space seamlessly combines warehouse functionality with the added convenience of dedicated office spaces upstairs. The warehouse area provides an extensive and open layout, creating an ideal environment for storage, distribution, or manufacturing activities. The strategic inclusion of seven loading docks streamlines logistics and enhances operational efficiency, facilitating the smooth flow of goods in and out of the facility. Upstairs, the property features well-appointed office spaces, providing a dedicated area for administrative and managerial functions. . Its substantial square footage, loading dock infrastructure, and integrated office spaces make it a valuable asset for enterprises looking to establish or expand their operations. Whether you're involved in distribution, manufacturing, or another industrial sector, this property provides the canvas to tailor the space to your specific business needs Explore the possibilities and seize the opportunity to elevate your business with this well-equipped and strategically located industrial space in Paterson.
Unique income producing investment property in the heart of Lyndhurst! Steps away from train station for easy commuting! Building is mostly leased and features 2 storefronts plus 3 apartments (Two 3 bedroom units (or 2 bedroom plus dining room) and a 1 bedroom unit), all fully occupied with favorable rents with 5.5% increases built in. Large piece of property with lots of parking in rear. Yearly income: $91,548 and Yearly Expenses: $23,026. "Bones" have been well maintained and units have in between tenants. Newer roof, furnaces, and water heater. Tenants pay own electric and gas, landlord pays heat and water. Potential to expand up or out in rear, buyer should do own due diligence with Lyndhurst Twp. Buyer responsible for obtaining C/O and any inspections needed for closing.
This property offers a lucrative investment opportunity, featuring a combination of commercial and residential units in Paterson. The property boasts a rented store on the ground floor, providing immediate rental income, along with two spacious apartments. Ground Floor Store: Currently leased, this commercial space provides a stable rental stream. First Floor Apartment: This inviting apartment comprises three bedrooms and one bath, offering comfortable living spaces for residents. Second Floor Apartment: The upper-level apartment presents an expansive layout with four bedrooms and two baths. Newly Installed Roof and Siding. Income Potential: With a rented commercial unit and two residential apartments, this property offers multiple revenue streams, making it an attractive investment opportunity with promising returns. Whether you're seeking a lucrative investment or looking to establish a home with rental income, this mixed-use property presents a compelling opportunity in the thriving community of Paterson. Schedule a viewing and explore the potential of this exceptional property.
FANTASTIC OPPORTUNITY TO OWN A WELL ESTABLISHED CELLPHONE STORE WITH A STRONG CUSTOMER BASE AND REPUTATION. STRATEGICALLY POSITIONED IN PROSPECT PARK. LOW MONTHLY LEASE FOR A GREAT LOCATION. THIS IS A TURN-KEY BUSINESS FOR A GREAT PRICE.
Fabulous opportunity to purchase long established florist business in a highly visible commercial building on the main thoroughfare and close to Rt. 46 and I-80. One story commercial building with daylight, walk-out basement, is in a CBD zone and has been in the same family since 1960. The family has operated a well respected florist shop there for over 58 years! First floor measures approximately 41' x 22' (821 sq.ft.), is completely open with no interior walls - imagine the possibilities! The full basement is partially finished and makes for a great workshop/preparation area, storage area, half bath, interior and exterior access. Quaint river views! Not in a flood plain! Large plate glass windows along sidewalk! Deck & wood shed "as is". 200 amp electric. Two operational gas space heaters. One wall a/c unit. Average reported gross income, excluding Covid Years is approx. $133,000. Owner is retiring.
Diner for Sale. Very busy w/high volume. Established over 40 years. Low Rent and Taxes. Call for income and expense. A definite winner for experienced operator. Owner may consider financing with Credit worthy Buyer.
Why rent when you could own this gorgeous commercial condo in a bustling shopping plaza in Woodland Park?! It is currently being used as a high-end jewelry store but many uses are possible. The storefront is on the first floor with tons of parking in the front and the back. The second floor of the building has loads of foot traffic from medical and professional offices and the first floor houses many successful businesses, banks, and retail. Close to major highways and 17 miles to NYC. CAM charges include snow removal, window cleaning, heat and CAC repair and replacement, water, garbage removal, and parking lot security. Private restroom, office, and kitchenette in unit plus additional restrooms upstairs with elevator access. All new LED lighting and 400amp electrical service. The unit may be subdivided.
REDUCED..The sale includes all inventory. Waiting room chairs, display cabinets, drier chairs, styling chairs, sinks, front desk, manicure table, heat lamps, washer, dryer and more.
Exciting opportunity! A mixed-use property with a single-family home, commercial space, and a 3-bedroom apartment offers versatility and potential for multiple income streams. First floor commercial space features approx. 10 rooms with mood lighting, tables, couches, office space, 2 bathrooms and kitchen. Moving up to the second floor, the three-bedroom apartment offers potential for residential living or additional rental income. There is also a 1 bedroom single-family home on same lot. Overall, the layout seems well-designed to accommodate a mix of commercial and residential needs. Corner property has ample parking with 20+ spots adds to the convenience for tenants or customers. With some investment and vision, this property could indeed be transformed into a thriving hub of activity. Previously a karaoke bar & restaurant, seller states township would also consider conversion to multi-family residential. Nonconforming use. SOLD-AS-IS. The buyer is responsible for CO. inspections and certification. All Information is deemed reliable but is NOT guaranteed. Buyers are responsible for verifying the accuracy of all information ?
Wayne pumps are recently installed with EMV and Ruby2 system. Two tanks with 8K and another 8K split into two (6K and 2K). 2K is used for diesel. Gas Station has a separate entrance.Workshop has 3 bays. Two 4 post Rotary lifts (One is alignment lift). Also, one two post lift. John Bean alignment machine is installed. The workshop is heated by a waste oil heater. Four above ground tanks are installed for storing waste oil as well as for new engine oil. All the items are included in the sale including the tire machines. If rented, the workshop can generate possibly $5500 in rent. There is a separate reception area for the workshop and a manager's office.
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.
Welcome to an extraordinary opportunity to own a prime corner lot property with a spacious 2000-square-foot warehouse in a permitted mixed-use neighborhood. This versatile property offers endless possibilities for both residential and commercial use, making it an intelligent investment for savvy buyers seeking flexibility and potential. With ample storage space and a convenient location, this property is ideal for entrepreneurs, hobbyists, or anyone in need of a secure and functional workspace. The included Sheet Metal Business equipment, valued at approximately $500,000, provides an added bonus for those looking to hit the ground running with a turnkey operation. Whether you want to expand your business, store inventory, or pursue a passion project, this property has everything you need to succeed. Take advantage of this rare opportunity to own a piece of prime real estate in a thriving neighborhood. Schedule a viewing today and explore the possibilities awaiting you at this exceptional property.
Ideally located on a main thoroughfare this freestanding building is a perfect investment opportunity for those looking to add value and gain additional income. A fixture in the town for over 50 years, this site is ready for new ownership. The site sits on a 7500 square-foot lot and zoning allows for a second level to be added. Perfect for retail investment, Medical, Mixed, use development, and much more!
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.
On-going restaurant for 22 years, great location in the heart of Nutley center. Municipal parking behind store, all equipment included with newer walk-in freezer in basement.
Great opportunity to invest: gas station with convenience store, bathrooms & parking. Eight pumps. Four Tanks. Lease with Lukoil runs through June 30, 2025. Selling business only-no real estate. Can be sold with or without Verona Lukoil MLS #3891554. This property can be sold with Verona Location for $595,000, or without.
