Penny Lane Realtors
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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%
Whether you're an experienced restaurateur looking to expand your portfolio or someone with a passion for the culinary arts seeking to fulfill their dream, this pizzeria offers an incredible opportunity to take the reins of a time-tested, profitable venture. Over 20 years of a well-established and a successful operation, this pizzeria has stood the test of time, building a loyal customer base and a sterling reputation for its delicious, handcrafted pizzas. Situated in a bustling area with high foot traffic, it enjoys excellent visibility and accessibility, ensuring a steady stream of customers. The secret to its success lies in its time-honored recipes, featuring the finest ingredients, homemade sauces, and a variety of toppings to suit every palate. In addition to its iconic pizzas, the menu includes a range of appetizers, pasta dishes, and specialty subs, providing options for every diner. The pizzeria boasts a warm and inviting atmosphere with ample seating for dine-in customers, creating a welcoming space for gatherings and events. The kitchen is equipped with high-quality ovens, prep stations, and all the necessary tools to maintain efficiency in food preparation.
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.
Recently renovated "operating" restaurant on a very busy Belmont Ave. Very tastefully decorated with an environment of flair and good vibes. Semi-finished basement with a walk in freezer, offices, storage, prep-area and soda machines set up. Cafe License current to place tables and chairs on the sidewalk on front. Parking for 6 cars on the back of the property comes with the lease. Owner open to "owner financing" with the right down payment
APPROX 50,000 SQFT OF SPACE BETWEEN 4 FLOORS INCLUDING BASEMENT ! 1ST FL 14,000 SQFT, 2ND FL 12,000 SQFT, 3RD FL 12,00 SQFT, BASEMENT 11,000SQFT - 2 LOADING DOCKS - APPROX 1000 SQFT - CAN FIT 53FT TRAILOR TRUCK - ELEVATOR ACCESS TO ALL FLOORS - DRY SPRINKLER SYSTEM. OFFICES ON 3RD FLOOR - CEILING HEIGHT BETWEEN 14-18FT - NEWER HEAT AND AIR UNITS - 3 BATHROOMS
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.
5,602 sqft lot Zoned C-H (Highway Commercial) on Route 46 East! Currently occupied by Used Car Lot as a month to month tenant. High traffic volume, prime location, 70' frontage.
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 -
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.
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.
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.
MODERN AND CLEAN BUILDING APPROX 1420 SQ FEET WHICH CONSISTS OF OFFICE SPACE AS WELL AS AN AREA FOR STORAGE OR LIGHT MANUFACTURING. GREAT SPACE FOR A CONTRACTOR. THE BACK YARD SPACE HAS ROOM FOR ABOUT 10 VEHICLES AS WELL AS CONSTRUCTION SUPPLIES. BE THE FIRST TO SEE THIS COMMERCIAL SPACE WITH A GREAT LOCATION AND ACCESS TO MAJOR HIGHWAYS.
A unique opportunity to own a commercial property in the heart of Hasbrouck Heights. The first floor is currently set up as a barber shop with half bathroom. There is an open stairway to the unfinished basement providing mechanicals and storage. A side entrance grants connecting entrances to the second floor unit and rear entrance to the barber shop. The second floor is a large one bedroom unit that offers a den, sunroom, eat in kitchen with laundry, formal dining room, living room and full bathroom. There is an additional private rear entrance with access to the private fenced in backyard. 8 off street parking spaces complete this incredible building. U/G oil tank was removed with paperwork on file. Selling in strictly as is condition with no repairs or credits from seller. Barbershop fixtures, stools and home contents will be sold separately from the building sale. Coming to market after 71 years in the same family, don't miss an opportunity like this one.
1st Floor Medical / PT office condo in 2-story elevator building available for immediate occupancy. Lg. Waiting Room and Reception / Business Office; ADA-compliant bath + private bath off Dr.'s Consult; spacious Staff Room w/ Kitchen & Laundry facilities; 6-Treatment Room and 40' x 28' open Gym/PT Area brightly lit by 2nd Flr. atrium skylights. Ample parking in the front & rear of the building; close proximity to St. Joe's Hospital and William Paterson University. Maintenance Fees: $1,442.80. Furniture, fixtures, appliances & office eqpt. & PT Eqpt. is available and open for discussion.
Newly renovated 7 room Corner Medical Office. Waiting Room, 3 Exam rooms with Cabinets, granite counter tops and sinks. Additional room with built in cabinets w/ sink and granite counter top can be lab or kitchen. Nice corner Private Office. The Large Reception area with Built-in Cabinets and granite counter tops also has optional interior access with the spiral stairway leading to the upstairs office, if more room is needed. Furniture and Option to buy may be available.
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.
Welcome to 165 Barclay Street, a fantastic residential opportunity in Paterson, NJ! This expansive property offers a total of 40 units and is zoned for residential use, providing a wealth of potential for the savvy investor.This property presents a myriad of possibilities. The units offer ample room for comfortable living, and the building includes amenities such as a resident's lounge and an in-building laundry room, ensuring convenience for future occupants. Conveniently located near St. Joseph's Hospital and public transportation, this property offers easy access to essential services and commuting options, making it an attractive prospect for residents. Additionally, the inclusion of outdoor space provides a pleasant area for outdoor recreation.This property will be delivered vacant presenting a unique opportunity for a new owner to shape the property according to their vision. Whether you're looking to revitalize the existing units or keep as is. Don't miss the chance to explore the potential of this expansive property and make your mark in the vibrant Paterson real estate market. Reach out today to schedule a viewing and unlock the possibilities that await at 165 Barclay Street!
Approximately, 4,630 Square feet Retail/Warehouse free standing commercial building located on the corner of Williams ave and Rt 17 in Hasbrouck Heights. 0.643 Acres land with 200 feet frontage on route 17 North. 50 plus parking spaces. Building has 3 garage bays and one loading dock. Suitable for Banks, Fast food or multiple uses The traffic count on Route 17 is about twice that of the portion of the Garden State Parkway. Close proximity to the Garden State Parkway Route 4 and the George Washington Bridge Land size 200'X140 Building is for lease also NNN $12,500 monthly
Beautifully decorated office space and two 2-BR apartments located in the Botany Village. Office space includes private offices, kitchen/lunchroom area, meeting area and restrooms. This strategic location ensures easy access for employees and clients alike, facilitating smooth commuting and enhancing business opportunities. This office enjoys close proximity to major highways including Route 80, 46, 21, 3 and the GSP.
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!!!
EXCELLENT OPPERTUNITY - To own Auto Service Center with Retail Auto sales site. 4 Bay service garage with lifts, tire service, parts storage, Customer service desk and restroom on Ground Floor. 2 Business offices and restroom on 2nd floor. Adjacent parking lot for 20+ vehicles, storage unit and potential covered detail area. Sale includes Dealer License. Property is on 2 lots off main thoroughfare Midland Ave. Current Non- Conforming Use can remain. Possible residential development site.
Nestled in the bustling heart of town, this mixed-use property offers the ultimate in convenience and potential. The ground floor welcomes patrons with a chic salon, boasting a prime location for visibility and foot traffic. With its modern design and inviting atmosphere, the salon sets the stage for success in the heart of the community. With its mix of commercial and residential spaces, this property presents a unique opportunity for investors and entrepreneurs alike. Whether you're looking to establish a thriving business or seeking a place to call home in the heart of town, this versatile property promises endless possibilities. Don't miss your chance to be part of this dynamic community and make your mark in the heart of it all
This restaurant operates as a largely cash-based business. We are currently finalizing a profit and loss statement, which will be available to serious buyers. Interested buyers will find this as an outstanding opportunity to own a thriving restaurant with an established customer base in a prime location. With everything in place for you to take the reins, you'll be ready to welcome loyal and new customers alike from day one. Serious inquiries only, please. Proof of funds required before financial disclosures are shared. Well-Established: Palenque Bar & Grill is an established and successful Mexican restaurant destination within the vibrant community of Botany Village. Fully Equipped: The sale includes all appliances, furniture, and fixtures, allowing the new owner to seamlessly continue operations. Liquor License: A valuable liquor license is part of the sale package, a coveted asset that promises continued growth and patronage. Staff Retention: Current employees are willing to remain with the restaurant, providing continuity and an experienced team for the new owner. Take advantage of this rare chance to own a fully equipped and profitable restaurant in the heart of Clifton. Don't miss out on this incredible opportunity to tap into a bustling dining scene with a turnkey operation.
Welcome to City Deli & Grill, a turn key opportunity to take over this established deli/grill or to bring your own ideas and make this business your own. The inside was renovated by the owner only 2 years ago with a modern touch with a blend of rustic elements. The large eating are presents a great opportunity to add more tables, or to keep as is. The back room is a storage area for inventory and contains an office room with a private bathroom for the owner. All of the equipment was purchased brand new and will be included in the sale. This is centrally located in one of the busiest sections of booming Passaic City. There are countless stores in the strip, a Home Depot across the street and a brand new school down the street. Best of all there is a large parking lot that presents a great opportunity to grab not only the foot traffic but any driver that does not want to drive around searching for parking. If you have been searching for an opportunity to take over or start your own business, it has arrived.
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.
