429 Cedar Ln, Teaneck, NJ 07666

This commercial property, located at 429 Cedar Ln in Teaneck, NJ 07666, is situated in the heart of the Cedar Lane Business District. The building offers 2,200 square feet of space and is zoned MX-1. Its prime location benefits from high traffic and direct access to town municipal parking, with a sidewalk leading to the lot. The lower level features a ground-level walk-out, enhancing accessibility and utility.

The property presents significant potential for an owner-occupied business or as an investment opportunity. An existing tenant, currently operating a dry cleaner, occupies the space and pays $4500 per month plus utilities. This tenant has the option to extend their lease, providing immediate income for a new owner. The building was constructed in 1930 and is classified as a B building class, standing two stories tall.

A Phase 1 inspection has been completed for the property. The building is being sold "AS IS," with the understanding that the new owner will assume responsibility for any subsequent phases of inspection or remediation. This presents a unique opportunity for a buyer looking to acquire a property in a vibrant commercial area with established rental income and potential for future development or operation.

The property's location in the Cedar Lane Business District is a key asset, offering visibility and convenience. Ample parking is available through the adjacent town municipal lot, a significant advantage for both businesses and their customers. The building's structure and zoning allow for various commercial uses, making it a versatile option for investors or entrepreneurs seeking a strategic location in Teaneck.