Penny Lane Realtors
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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.
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%
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!
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.
This property has a commercial unit on the first floor that offers versatile space. The first floor is suitable for conversion into a storefront or office. The second and third floors house two-bedroom residential units, with potential for conversion into three bedrooms each. Its multi-functional nature provides an appealing opportunity for mixed-use investment, allowing for customization based on buyer preferences.
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.
Fantastic investment opportunity in A+ location. Package deal includes (2) separate buildings on almost 1/2 an acre including a 2-story, 3-bedroom single family home and separate 3-story mixed-use building with bar/restaurant on 1st floor and 3-Bedroom residential unit above. All units are currently rented. Separate utilities. Potential to expand, redevelop and modify current property. 25+ parking spaces and easy, direct access to Routes 3, 21, 80 & 46.
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.
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.
Well established body shop for sale in prime location. 6300 sqft of incredible space including spray booth, 3 garage door entrances, office space, customer bathroom, and full upstairs office/apartment with washer/dryer and full kitchen with granite countertops and stainless steel appliances. 3 units total, one currently rented by long time tenant with well established mechanic business. Large parking lot with tons of space for cars, machinery etc. Take your auto business to the next level, or rent out the space for income potential.
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.
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!
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.
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.
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.
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.
Great Italian Deli/Luncheonette business with excellent cashflow & growth potential! Lottery Machine.
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.
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.
Plenary Retail Distribution License for Sale. License Can go anywhere in Kearny Town with regular city ristriction Add license to your Deli or convenience Sotre for more profit.
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.
Currently leased to a Sanitation company.Billboard on property also leasedClean Environmental
