Penny Lane Realtors
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Located in the Beautiful town of Verona, near center of town with restaurants and shopping! Great location & opportunity! New lease from Lukoil starting 5/1/24- 4/30/27. 2 Pumps, 4 Tanks: Lukoil Responsible for maintenance of such. Property includes an exclusive parking lot as well as a a Mechanic shop operated through the 2 Bay Garages with car lifts, currently rented till 12/2024, and leased for $4k a month. Opportunity to not only purchase this business location, but also a Rt 46 Lukoil Business, see MLS #3878664.
Located in the redeveloped downtown with high population density. 6800 sqft free standing building with full commercial kitchen equipment. There is also about 1000 sqft basement for storage. Short distance to parking garage, Bloomfield College & Residence Hall, Bloomfield High School, Bloomfield Train Station, NJ Transit Buses, City Hall, Post Office. Surrounded by high end residential rentals (142 units in The Green + 224 units at Avalon + 176 units at Six Points). Currently leased to an Indian buffet restaurant with lease ended on 1/31/2023. Currently on month to month.
Highly Visible Fully Rented 8-unit Brick commercial building in Bloomfield. 4 Commercial units; 3 with a long-standing business history; and Four (4) 2 Bedroom apartments, each with month-to-month tenants and a long rental history of paying on time. Individual heating units and hot water heaters, many which were recently replaced. Well-kept building which has been held by the family for many generations. *As per Current usage - APARTMENTS ARE EXEMPT FROM RENT CONTROL*
Investment Opportunity! Two story office building located in the beautiful town of Verona. Spacious first floor is currently occupied by an Eye Doctor.- Space is broken up into 2 exam rooms, an office, reception area, bathroom, kitchenette and a large open area. The second floor unit offers two private offices, large reception area, private bath and spacious conference room. Additional income is provided by the rooftop billboard. Close to bus stop, Verona Park, restaurants and shops. Plenty of street parking and the municipal lot is across the street behind Chase Bank.
Own your first Unique Quick Cash Business , As per Clifton Historian oldest Concession Stand in the Country, Sabrett Hotdogs and Jumbo Italian Ice Window service with sitting outside , Business includes sabrett retail outlets, Italian ice retail and coffee license . All equipments and inventory included, Owner is willing to hold some financing
Presenting the Walnut Street Manor, a legacy multifamily property in the heart of downtown Montclair. Available for the first time in 50+ years, this 8-unit apartment building can become the anchor of your growing real estate portfolio. With 4 different floor plans, this property offers 4 one bedroom units, and 4 studios, with shared coin-op laundry, on site parking, and a stellar location. A majority of units have been renovated and the roof is only 7 years old. 3 units remain, creating a great opportunity for future owners to add value to the property. Tenants pay for electricity for their stoves, lights and in-unit Air Conditioning. Owner pays for heat, hot water and internet. Building is well equipped with security camera system, and remote accessible front door entry system. Laundry is a smart system with Phone App capabilities. Property is 100' by 120' or .28 acres with 12 parking spaces, a beautiful front lawn, plus a garbage and maintenance shed in the back. The parking lot has pre-existing walls for a garage, which could be easily re-built. Long time tenants, very low vacancy, and MAJOR upside over time. Pro-Forma available upon request.
Unique opportunity to own a beautifully restored converted Grand Victorian Professional Office Building on Park Street. Quintessential stately historic Montclair building lovingly maintained by longtime owner. Prime location close to Bloomfield Avenue business district, Montclair High School and Walnut Street Train station. Bus in front of building. Fully occupied with stable professional/medical/counseling/therapy tenants. Flexibility for Buyer who wishes to occupy. Long rental history with low vacancy. Impressive original details include gorgeous front porch, gleaming wood floors, ornate stained glass windows & 5 ornamental fireplace. Shared conference room & kitchenette. 21 Parking spaces on .43 acres!
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.
This is an exceptional opportunity to acquire a well-established dry cleaning business in the bustling downtown area of Montclair. The combination of a premium location, strong financial performance, loyal customer base, and growth potential makes this business a rare find in today's market.
Mixed Use investment opportunity next to Silver Lake Station in Belleville. Convenient to shopping, restaurants, schools, houses of worship. Two residential units on the second floor, (1) One bedroom, and (1) two bedroom unit. Three off street parking spaces. First floor was a laundromat for 35 years, the machines are gone and the unit is vacant, but the infrastructure remains. Also on the first floor is an office, kitchenette, full bath and half bath. First floor could be divided into two commercial units, as it was prior to the laundromat tenant. Apartment photos taken when vacant.
Potential, potential, potential are the 3 words to describe this property that has not been on the market for 30 plus years. This is an 11 unit building that rooming house designation. This property has rooming house designation so is not subject to rent control. There are many possibilities for this building. It can be made into specialized housing. The type of specialized housing is usual leased through a government agency This property has great location as we are close to Mid-town direct and close to downtown. It has been well cared for and is ready to go.
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.
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.
Queen Anne Victoria building built in 1880, renovated and expanded in 1986. A substantial renovation has been completed 2023 The upgrades are replacement and improvements to the turret windows, gutters, porch, pillars, and painting of the exterior. In 2022 new HVAC system and ductwork was installed. The property is an existing , three-story, single-tenant office building containing 10,895 SF. There are 42 parking spaces. Building has an elevator for 4 floors and is handicap accessible. The property is currently 100% leased until March 31, 2024, when the current tenant intends to move to a new location.
Prime Location residential treelined and desirable downtown Montclair location, restaurants, shops, trains, buses, highways, corner of Gate Ave and Union Ave. BRAND NEW FURNACE 10/2023! Victorian Style State Licensed Rooming House with open porch, Parking for 4 cars, Hardwood Floors, High Ceilings, Sunny and Bright Spacious apartments and Rooms. Rents below market. Tenants pay portion of sewer charges. 2nd and 3rd level has one Full Bath each to share. Basement Level- #10 Apartment w Kit gas stove, sink. Needs some work (Vacant). 1st Fl - #1(Apartment) #2 (Room w Kitchen), #9 Room w/1/2 Bath, 2nd Fl-Share Kitchen and Full bath, #3 (Room), 4 (Room),5 Room w (kit sink, fridge). 3rd Fl - Share Kitchen and Full bath (non-functioning bathtub), #6 (Room),7 (Room),8 (Room w Sink). 2 above ground oil tanks in basement 8/21/2021. Water Heater 8/25/2021. One of 2 buildings for sale next to each other. Can be bought as package or Sold Separately: 29 Union St $675k, 31 Union St. $695k. Being sold "strictly as is." WILL BE DELIVERED WITH TENANTS. Current income does not reflect market income. Net and Potential Income statement available. Personal items EXCLUDED. SF from tax record. No Wholesalers!
Located near Montclair's downtown shops and restaurants and NYC train, buses, and highways. 16 Unit Rooming House PLUS Parking for 6-8 cars plus 3 garages with replaced doors. Gas steam boiler (2018). Laundry room with coin operated 2 washers and 2 dryer, 2 car width paved long driveway. 2 Br unit has separate heating. Being sold "strictly as is."
Prime Montclair Estate Section and Downtown Location! State Licensed Rooming House with front open porch/deck. Large entry foyer with Toilet. Owned Coin Operated Washer and Dryer. Hallway shared full bathroom on second level. 1 Car Garage and 1 car driveway and another shared driveway to parking lot in back for 3+ cars. Tenants pay monthly partial sewer fee. BRAND NEW Above Ground Oil Tank! 1st Fl - #1(2 Rooms w Kitchenette gas stove, fridge, sink), #9(1BR Apt w LR, Kit, FB) #2 Room w Kitchenette. 2nd Fl - #3 (Room), #4 (Room w Kitchenette), #5 (Room w kitchenette), #6 (Room w sink), #7 Room Hallway Full Bath 3rd Fl - #8R-(1 Br Apt, Lr Kit gas range, sink fridge, Full Bath) #8S (Room, Potential Kitchen). Basement - #10 (Duplex Apt - 1 Br, Lr sink, gas stove, fridge). Current income does not reflect market income. Net and Potential Income statement available. Can be bought as package or Sold Separately: 29 Union St $675k, 31 Union St. $695k. Being Sold Strictly "AS IS". WILL BE DELIVERED WITH TENANTS. Personal items EXCLUDED. No Wholesalers!!!
Situated just off the vibrant Bloomfield Ave in the trendy heart of downtown Montclair, you'll find this modern, ready-to-occupy mixed-use office building w/ multi-zone AC. Nestled on a lively stretch of lower Park St, it enjoys proximity to dining establishments, the "Y" gym + pool, & a nursery school. This recently updated building boasts 8-9 office spaces. The 1st fl ft. a spacious conference room adjacent to reception area. All rooms have new flooring, ceilings, + updated lighting fixtures. The 2nd level offers flexibility in usage, including a generous landing area that could serve as additional reception space. A newly installed central kitchenette serves as a gathering point for occupants, & there are 3 half-baths conveniently situated on the business levels. A substantial Lower Level offers ample room for storage + inventory, w/separate entrance leading to a parking for 6 cars. For added versatility + income potential, a dedicated staircase leads up to a stylish 3rd fl apt. The apt features updated kit, washer/dryer, bath, + the possibility of a 2nd bdr in open living space. W/its vibrant surroundings & excellent location, this property caters to the needs of dynamic startups, established professionals, back offices, + co-working arrangements. Steps away from the NYC bus stop + 0.6 miles from the Midtown Direct train. W/3,500 square feet of space across 4 levels, this property presents a wealth of opportunities.
Calling all food enthusiasts! Own your slice of culinary paradise with this restaurant business for sale. From savory sensations to sweet profits, this opportunity serves up a recipe for success. Seize the spatula and savor the taste of entrepreneurship today!!
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.
Location, Location, Location. 3 store front fully occupied located on Broadway, one of the city's commercial areas. All stores are rented and occupied. Can be a good property to develop and convert into mixed use, if the zoning codes allow for it. Walking distance from Downtown and shopping district.
Back on the market, buyer could not perform. Unlock the potential of this hidden gem in the heart of Newark's bustling Bloomfield Ave. This prime commercial property offers a unique opportunity for savvy investors seeking a strategic location and versatile space. With a little TLC, this property can become a lucrative investment. Renovate and elevate its charm to attract businesses and tenants seeking the best of city living. Proximity to public transportation, including bus routes and Newark Penn Station. Store front and 2 spacious apartments that consist in 5 bedrooms and 2 full baths each unit. All tenants are month to month. The property will not be delivered vacant. Don't wait as it will not last long.
