For Sale
$2,000,000

124 Lyons AveNewark, NJ 07112

10,000 SF, Vacant, Across from Beth Israel

Overview

Added:
Dec 11, 2024
Days on market:
115
This 10,000-square-foot property, located at 124-126 Lyons Avenue in Newark, New Jersey, presents a unique investment opportunity. Situated directly across from Beth Israel Medical Center, this Class B building offers excellent visibility and accessibility. The property, built in 1980 and renovated in 1922, sits on a 0.23-acre lot and is zoned R-3, allowing for a variety of uses. Currently vacant, the building comprises two units – a 7,000-square-foot space and a 3,000-square-foot space – which can be leased or sold separately or together. The asking price is $2,000,000, translating to $200 per square foot. The property's location offers convenient access to major transportation routes, including I-78, Route 22, and the New Jersey Turnpike. This presents a compelling opportunity for investors seeking a versatile property in a high-traffic area with strong potential for future development. The property is offered as a NNN lease. The building has one story and is suitable for a variety of uses, including medical offices and daycare centers. The property is for sale by owner.

Highlights

  • 10,000 SF building on a 0.23-acre lot at 124-126 Lyons Ave, Newark, NJ.
  • Class B building, across from Beth Israel Medical Center, offering excellent visibility and accessibility.
  • Two units: 7,000 SF and 3,000 SF, available for lease or sale separately or together.
  • $2,000,000 asking price ($200/SF).
  • R-3 zoning allows for various uses, including medical and daycare.

Property Details for 124 Lyons Ave

Property type
Day care centers & nurseries, Retail properties
Square Feet
10,000 SF
Class
B
Year Built/Renovated
1980/1922
Buildings
1
Stories
1
Lot Size (sq. ft)
10,019 SF
Units
2

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.7082823
Longitude
-74.2108375
124 Lyons Ave, Newark, New Jersey

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124 Lyons Ave
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