Mixed-use Building for Sale - Lyndhurst, NJ
Prime Commercial Property for Sale: Exceptional Investment Opportunity
Property OverviewThis outstanding two-story commercial property, strategically located on a busy corner lot along a thriving commercial road, presents a unique investment opportunity. Featuring a mix of residential and retail spaces, this property is perfect for investors seeking a versatile and profitable asset.
Property Features
8 Residential Apartments: A variety of units, ranging from studios to spacious 2-bedroom apartments, offering comfortable living spaces for tenants.
3 Retail Units: Ideal for businesses seeking high visibility and foot traffic, these retail spaces are perfectly positioned to thrive in a bustling commercial area.
Recent Renovations: The property has undergone recent renovations, ensuring modern and attractive interiors for both residential and retail tenants.
Parking in Rear: Convenient parking facilities located at the rear of the property provide easy access for tenants.
Low Operating Costs: Efficient management and recent upgrades contribute to the property's low operating costs, enhancing its profitability.
Potential for Higher Income: With current rents already generating significant income, there is still ample potential for rent increases and further enhancement of property value.
Expansion Potential: The corner lot offers opportunities for additional building to improve the property, further increasing its revenue potential.
Situated on a prime commercial road, this property benefits from 39’ of frontage with high visibility and heavy foot traffic, making it an ideal location for retail businesses. The area is a well-established commercial hub with a steady flow of potential customers and residents. Proximity to public transport and major highways ensures easy accessibility.
Investment Benefits
High Demand: The combination of residential and retail spaces caters to a high demand market, ensuring steady occupancy rates.
Versatility: The mix of unit types appeals to a broad range of tenants, from singles and couples to families and businesses.
Growth Potential: With opportunities for rental income growth and property expansion, investors can look forward to significant returns on investment.
Detailed financial information, including current rental income and operating expenses, is available upon request. This property is priced competitively and represents an exceptional opportunity for savvy investors.
Asking $3.5m