C-1 Commercial Building with 2-Bay
459 State Street Perth Amboy, NJ 08861
459 State Street, Perth Amboy, NJ, 08861
$1,150,000
For Sale
$1,150,000
COMMERCIAL - Perth Amboy, NJ
Property Size5,000 SF
Price / SF$230
Days on Market30
Property Features for 459 State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-1
- Parking
- 2
- Standard status
- Active
- APN
- 160023000000000702
- Size
- 5,000 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 17617
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1935
- Floors in Building
- 1
- Flooring type
- Concrete, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agency
J.J. ELEK REALTY CO.
(732) 634-9100
Listed by
Joseph Devizio · License #0568876
(732) 596-2118
Added: Jun 22 Updated: Jul 7 at 3:32PM Checked: Jul 21 at 9:06AM
MLS# 2617987R
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.
For sale is a C-1 zoned commercial property at 459 State Street in Perth Amboy, NJ. The offering includes an approximately 4,500-square-foot commercial building and a two-bay garage that is currently being used as a mechanic shop.
The seller states the space can be used for a range of commercial and service applications, including restaurant, medical facility, lounge, bank, pharmacy, and retail, among other uses consistent with the C-1 zoning. In addition, the owner has approved architectural plans that allow apartments to be built above the commercial space, creating the opportunity for mixed-use development within the same property.
This is a combined building-and-garage setup designed to support an automotive-oriented operation on-site while also offering the planned residential component above.
The seller states the space can be used for a range of commercial and service applications, including restaurant, medical facility, lounge, bank, pharmacy, and retail, among other uses consistent with the C-1 zoning. In addition, the owner has approved architectural plans that allow apartments to be built above the commercial space, creating the opportunity for mixed-use development within the same property.
This is a combined building-and-garage setup designed to support an automotive-oriented operation on-site while also offering the planned residential component above.
Key Highlights
- Brick commercial building with approx. 4,500 sq. ft. of space plus a 2‑bay garage used as a mechanic shop
- Zoned C‑1 with potential uses including restaurant, medical facility, lounge, bank, pharmacy, and retail
- Owner‑approved architectural plans allow apartments to be built above the commercial space
Local Financial Insights For 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 | $108.0k | $21.60 |
| − Vacancy | −$6.0k | −$1.21 |
| EGI | $102.0k | $20.39 |
| − OpEx | −$30.6k | −$6.12 |
| NOI | $71.4k | $14.27 |
5,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.02M
$892.1K – $1.19M
NOI $71,366 @ 7.0% cap · market cap 6.21%
Second Best
Industrial
$801.7K
$701.5K – $935.4K
NOI $56,121 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Botanica Mama Jimo
(Bike/Boat/Book/etc) Store
Codio Cigar Shop ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Superior automotive & Truck Repair — 156 2nd St, Perth Amboy, NJ 08861
- Gonzales auto electric — 145 2nd St, Perth Amboy, NJ 08861
- Beato Auto Repair — 141 2nd St, Perth Amboy, NJ 08861
- Way To Success — 156 2nd St, Perth Amboy, NJ 08861
- Ortiz Towing & Auto Repair — 143 2nd St, Perth Amboy, NJ 08861
FAQs
What type of property is this?
Auto shop - Zoned C-1, the property includes a commercial building and a two-bay garage currently used as a mechanic shop.
Where is this auto shop located?
The property is located at 459 State Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Brick commercial building with approx. 4,500 sq. ft. of space plus a 2‑bay garage used as a mechanic shop; Zoned C‑1 with potential uses including restaurant, medical facility, lounge, bank, pharmacy, and retail; Owner‑approved architectural plans allow apartments to be built above the commercial space
