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.
Currently leased to a Sanitation company.Billboard on property also leasedClean Environmental
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!
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!!!
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!
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.
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.
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.
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
$1,600 Rent month to month. Inventory included in the sale and complete client list. Monthly Gross Income $10,000. Owner will open books when offer is accepted.
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.
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.
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.
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.
Great Italian Deli/Luncheonette business with excellent cashflow & growth potential! Lottery Machine.
Approved for 24 units in the Ironbound. Ground floor parking garage with 24 spaces. Fifteen 1-bedroom plus office apartments and nine 2-bedroom apartments. Site plan available upon request. Full construction drawings and permits not included. Property currently contains four 25x100 warehouses that are rented with month-to-month tenants. UST have been removed and the site is clean.
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%
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 is an opportunity to open your dream restaurant everything included in the sale, located in the crown jewel of Newark, includes 2 apartments above, this is a highly desirable location with all modern dinning interior design from top to bottom, featuring a complete inventory list of tops of a line kitchen/restaurant equipment. Title work, title floors, high ceilings, and plentiful overhead lighting, indoor and outdoor seating area combination, outdoor bar with a feeling of tropical atmosphere Great accessibility to RT 1&9, 78, 21, and turnpike!!!!!!!!!!! to be sold as a package MLS3875415 and 3875420 and MLS 3875427
Liquor License For Sale!! Plenary Retail Consumption License with Broud C for Bar/Restaurant in Harrison! Class "C 33 Plenary Consumption License " Full Liquor " Bar / Restaurant
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.
