This exceptional 8,914 square foot commercial property, situated on a 0.2-acre corner lot at 805 Lyons Ave, Irvington, NJ, presents a unique investment opportunity. Formerly operating as a funeral home, this multi-level building boasts significant interior space and ample parking. Key features include an elevator, central multi-zone heating, smoke detectors, and an intercom system. Its strategic location on a major thoroughfare connecting Newark and Irvington offers unparalleled accessibility, with proximity to the parkway (two blocks away) and Irvington Center. The property's current zoning is 4A (mixed use), while the district zoning is R-1, requiring a variance for multi-unit residential development. Detailed floor plans and an aerial view are available in the media section. Given its size, features, and location within a residential area, this property holds immense potential for various uses, including (but not limited to) a funeral home, place of worship, or conversion into multi-unit housing. The asking price is $500,000. Serious inquiries only.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,492,718
Hospitality
$1,367,322
Educational
$1,137,596
Medical
$1,176,719
Retail
$1,769,593
Location Insight
City
Irvington
County
Essex
State
New Jersey
Latitude
40.7227
Longitude
-74.2361
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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