700 Pennsylvania Ave, Lyndhurst, NJ 07071

This commercial property located at 700 Pennsylvania Ave, Lyndhurst, NJ 07071, presents a unique opportunity within Lyndhurst’s industrial corridor. The site features a single-story industrial building constructed in 1956, offering a functional layout. Its location provides convenient access to major transportation routes, including the New Jersey Turnpike and Route 3, and is situated in Bergen County, a recognized business hub with robust transportation infrastructure and access to a skilled workforce. The property is also positioned in close proximity to the Meadowlands Sports Complex and Newark Liberty International Airport, which can be advantageous for logistics and distribution operations.

The building is currently occupied by three demised commercial tenants, with all existing leases scheduled to terminate on September 30, 2026. The current total annualized rent is $227,556, reflecting a cap rate of 4.14%. While the current cap rate is noted, the property is described as a rare offering in Lyndhurst, NJ, potentially suited for an end-user or a developer. Consideration has been given to the possibility of converting the property to residential housing, a change in zoning that is suggested to be welcomed by the community and achievable.

Further enhancing the property's utility is its access from Rail, featuring its own active switch coordinated with NJ Transit and Norfolk Southern. This rail access can be a significant asset for businesses requiring efficient freight transportation. Interested parties seeking access to the building are directed to contact Richard Leal, the Skylemar Inc. representative, at 973-809-9426. Realtors are welcome and protected, contingent upon an agreed-upon and valid purchase price.

Despite being under attorney review, the property remains available for showings. Tenants 1 and 3 have secured extended, competitive leases for three years, which includes approximately 6200 square feet available for owner occupancy. This presents an immediate opportunity for an owner-user to occupy a portion of the premises while benefiting from existing rental income. The property is zoned S-1, designated for Service Commercial/Highway Service/Special Service District, and is categorized as an Investment or Owner User property with a subtype of Industrial Service, Industrial Distribution, Warehouse, or Flex-Light Distribution.