Property summary
This exceptional 10,000-square-foot commercial property, located at 124 Lyons Avenue in Newark, New Jersey, presents a unique investment or leasing opportunity. Situated directly across from Beth Israel Medical Center, this Class B building offers unparalleled convenience and visibility. Originally a daycare center, the property underwent renovations in 2022 and is now available for immediate occupancy. The building, constructed in 1970, features a single story with a 10,000-square-foot footprint on a 0.23-acre lot. The space is divisible into two suites: a 7,000-square-foot unit and a 3,000-square-foot unit, offering flexibility for various business needs. Both units can be leased separately or combined for a larger contiguous space of up to 7,000 square feet. The property boasts a convenient location with easy access to major transportation arteries, including I-78, Route 22, and the New Jersey Turnpike. The annual property taxes are $26,000. While there are no elevators, the single-story design ensures easy accessibility. This property is ideal for businesses seeking a prominent location in a thriving area of Newark, offering both leasing and purchase options. The property is located in Essex County, New Jersey, with a zip code of 07112.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight