Penny Lane Realtors
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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.
A cornerstone in the tech repair industry, strategically located in the bustling downtown of Belleville with high foot traffic. For over a decade, RPM Wireless has been a trusted name, providing top-notch repair services for cell phones, computers, tablets, and video game consoles.Nestled in the heart of the downtown district, RPM Wireless benefits from a prime location in close proximity to various amenities. Its modern storefront, adorned with captivating signage, attracts a constant flow of passersby. Moreover, being situated near grocery stores, restaurants, fast-food joints, a barber shop right next door, and more, the store becomes an integral part of the local community hub.RPM Wireless has cultivated a loyal base of long-term customers. Their commitment to reliability, professionalism, and customer satisfaction has earned them a stellar reputation within the community. Repeat clients trust the consistent quality of service, contributing to a steady stream of business.RPM Wireless maintains a consistent cash flow throughout the year. While repairs form a substantial portion of their revenue, accessory sales complement this income stream. RPM Wireless stands tall as a beacon of reliability and excellence in the tech repair landscape. Its prime location, loyal customer base, diversified services, and consistent cash flow highlight its status as an established and thriving business, well-positioned for ongoing success in the ever-evolving tech industry.
Nestled in the heart of Rutherford's vibrant downtown business district, our dance studio is a sanctuary where passion meets artistry. Just steps away from the Williams Center where we have hosted several recitals, this is not just a place to dance - it's a place to inspire and be inspired, surrounded by conveniences including ample street parking & nearby public garage. Our studio is a dream for dancers: high ceilings & mirrored walls with private areas for one-on-one instruction. Every corner is designed to elevate your dance experience, from ballet to breakdance & jazz to hip-hop. With long-term leases available & state-of-the-art facilities including brand new bathrooms & generous storage spaces, we offer a stable & inviting environment. Our studio is a community hub that has hosted numerous memorable performances, each adding to the rich tapestry of our collective dance journey. Join us & transform your dance dreams into reality. Let's create, perform, and inspire together.
BUILDING FOR SALE LOWER NORTH NEWARK SECTION 12 APARTMENTS , 12- 2 BEDROOMS , LIVING ROOM KITCHEN BATHROOM . BUILDING RENOVATED 2012 AND 4 OUT OF 12 RENOVATED 2023. FLOATING AND CERAMIC FLOORS . ALL SEPERATE UTILITIES ALL UNITS WITH CENTRAL AC/HEAT 13 GAS METERS . 13 ELECTRIC METERS STOVE DISHWASHER INCLUDED . FULL FINISHED BASEMENT WITH UTILITY ROOM AND USED FOR STORAGE FLAT RUBBER ROOF, SPRINKLER SYSTEM SURVELLIANCE CAMARAS BRICK BUILDING ALL AROUND REAR YARD CONCRETE FLOOR NEAR ROUTE 21 AND BROAD ST LIGHT RAIL STATION MONTHLY GROSS INCOME $ 17,966.30
Excellent book of business for someone starting their own Insurance Business or a seasoned veteran looking to grow. Located in a very exciting community, with 200 apartment development within walking distance. High foot traffic / Inbound calls are a continuous source of leads. Income consistently growing. Huge potential to grow. Owner retiring and wants to entrust his clients to the right candidate. Will train.
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.
Nail Salon fully equipped for sale in Belleville. Established over 20 years, in Belleville, NJ. If you wanted to own your own nail salon here is the one for you it is TURNKEY. The salon has built a loyal customer base over the years, with a high rate of repeat business and positive word-of-mouth referrals. The client database provides a solid foundation for continued success.
Welcome to the heart of Belleville in the middle of all the action! This is your chance to own a truly turn keep 6 unit income producing property. Consisting of 4- large 2 BEDROOM apartments, 2 commercial office/ retail spaces (currently being used as one large space) and bonus long term lease with T-Mobile for lease of the roof space.
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.
Large Deep Garage - Near Rt 21 - High Ceilings - Lots of Storage space - 1/2 Bath and Small Office/Closet. Can fit 4 Vans inside. - No Heat - Electric Only
Recently renovated mixed use property available. Ground floor is 3100 sq.ft. of office / warehouse space with bathroom. Second floor is a 800 sq.ft., three bedroom, 1 bathroom apartment. Warehouse space has a 10' wide 12 ' high overhead door for easy loading / unloading. Separate utilities for the warehouse and apartment. Partial unfinished basement serves as mechanical room and extra storage. Fully Leased with NOI of $55,698
Fantastic mixed-use building in a convenient location with an income-producing bi-level apartment unit above commercial space. Oversized parking lot with the possible ability to expand and develop. New York City views from the property and close proximity to transportation, schools, shopping, etc.
Great Italian Deli/Luncheonette business with excellent cashflow & growth potential! Lottery Machine.
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 ?
3 LEVEL COMMERCIAL - Industrial Warehouse - w/ Loading Doc "Newarks's Original Farmers Market" The Orignal Location of Newark Crab House. Needs improvements and being SOLD AS-IS. Current tenant is leaving and will empty the 3 levels.
Prime Location in North side of Newark with 3 store front and over 5500 sqft. One story building with parking with 3 active businesses. Businesses are 1 grocery store, 1 flowers/gift shop & Nutrition/ restaurant.
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 12000SQ-FT LIGHT INDUSTRIAL BUILDING IN NEED OF SOME TLC. THE PROPERTY NEEDS JUST ABOUT EVERYTHING! FROM ROOF TO FLOOR AND SO ON...
Free standing gated building on flat lot with one loading dock and one drive in gate. Totally renovated warehouse with high ceilings mostly 18 feet . Two bathrooms , 2000 ft. of office and about 1500 sf basement. Building is currently operating as a textile warehouse with active retail store. 10 gated private parking spaces. Owner is also open to lease the space for $13,000 per month. Owner has NJ RE LIC. A must see!!!
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.
Restaurant + 1 Apartments with 2 Bedrooms. Central air/central heat. Restaurant in good condition. Sold as a package deal with 296-298 Park Ave Newark
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.
