Established Grocery Store with
199 Washington Street Perth Amboy, NJ 08861
199 Washington Street, Perth Amboy, NJ, 08861
$710,000
For Sale
$710,000
COMMERCIAL - Perth Amboy, NJ
Property Size2,038 SF
Lot Size0.06 Acres
Price / SF$348.38
Days on Market86
Property Features for 199 Washington Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R-25
- Parking
- 2
- Interior features
- Refrigeration
- Appliances
- Refrigeration
- Standard status
- Active
- APN
- 1600224000000030
- Size
- 2,038 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7092
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Steam, Other (Heating), Baseboard
- Cooling system
- Window Unit(s), Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1895
- Floors in Building
- 2
- Flooring type
- Laminate
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency
PETRA BEST REALTY LLC
(732) 442-1400
329 SMITH ST, Perth Amboy, NJ
Listed by
Enrique Hernandez
(732) 442-1400
Added: Apr 27 Updated: Jul 7 at 3:35 pm Checked: Jul 21 at 4:06 am
MLS# 2614692R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a well-established grocery store, including both the building and the business. The property is situated on a corner lot, offering visibility, exposure, and foot traffic. Above the grocery store is a large apartment featuring 3 bedrooms, a living room, a large kitchen, a bath and a finished attic. The property is located in Perth Amboy, NJ. The lot size is 0.0574 acres, and the property size is 2038 square feet. The zoning is R-25.
Key Highlights
- Historic property built in 1895 with vinyl siding and asphalt roof
- Includes grocery store building plus the business (sale includes both)
- Corner property with public visibility and exposure, supported by steady foot traffic
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.0k | $21.60 |
| − Vacancy | −$2.5k | −$1.21 |
| EGI | $41.6k | $20.39 |
| − OpEx | −$10.4k | −$5.10 |
| NOI | $31.2k | $15.29 |
2,038 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$445.2K
$389.6K – $519.5K
NOI $31,167 @ 7.0% cap · market cap 4.39%
Second Best
Retail
$415.6K
$363.6K – $484.8K
NOI $29,089 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$532.2K
$465.6K – $620.9K
NOI $37,251 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duran Food Store
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Brother's Supermarket — 361 Market St, Perth Amboy, NJ 08861
- Bj Abreu Supermarket — 216 New Brunswick Ave, Perth Amboy, NJ 08861
- Tropical Supermarket — 442 Smith St, Perth Amboy, NJ 08861
- Caba Grocery Inc — 147 Brighton Ave, Perth Amboy, NJ 08861
- Gonzaga Grocery — 341 Prospect St, Perth Amboy, NJ 08861
FAQs
What type of property is this?
Grocery and convenience store - Grocery store with apartment for sale in Perth Amboy.
Where is this grocery and convenience store located?
The property is located at 199 Washington Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Historic property built in 1895 with vinyl siding and asphalt roof; Includes grocery store building plus the business (sale includes both); Corner property with public visibility and exposure, supported by steady foot traffic
