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    721-725 State St Perth Amboy, NJ 08861

    Picture of Mixed-use properties at State St 721-725, Perth Amboy, NJ
    For Sale
    $725,000

    Commercial - Perth Amboy, NJ

    Property size:
    4,921 SF
    Lot size:
    0.17 Acres
    Days on Market:
    825
    Last Refresh:
    Dec 14 at 1:06 am

    Property Features for 721-725 State St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-1
    APN
    160036000000000702
    Parking
    5
    Size
    4,921 SF
    Lot size
    0.17 Acres

    Building Details

    Year built
    1931
    Floors in Building
    2
    Architectural style
    Other

    J J Elek Realty (732) 634-9100 [email protected]

    Listing agent ANGEL W. SOTO (732) 634-9100

    Listing date Sep 12, 2023

    MLS# 2206205R Listing URL

    Copyright © 2025 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.

    Overview

    Mixed-Use Building with Rental Income

    This well-maintained brick building is situated on an approximately 75x100 lot. The property features one commercial space, currently leased as a grocery store, along with three apartments, an additional room, and five garage spaces. The rent roll includes the grocery store at $2,050 per month, a 3-bedroom apartment at $1,350 per month, a 1-bedroom apartment at $1,150 per month, and a studio apartment at $800 per month. Four garages are rented for a total of $550 per month, with one garage being owner-occupied. Additionally, a billboard generates $450 per year. The approximate yearly gross income is $72,000. Expenses include property taxes of $16,000 per year, hazard insurance of $4,600 per year, water/sewer costs of $3,500 per year, and gas expenses of $160 per month. The property is located in Perth Amboy, NJ.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.263987
    Latitude
    40.5222577

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    FAQs

    What type of property is this?
    Mixed-use property - Well-maintained mixed-use property featuring commercial space, apartments, and garages.
    Where is this mixed-use property located?
    The property is located at 721-725 State St Perth Amboy, NJ.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - High Gross Annual Income: Approximately $72,000 per year.; - Multiple Income Streams: Includes commercial space, 3 apartments, garage rentals, and billboard lease.; - Prime Location: Situated in an excellent location.
    (732) 634-9100
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    721-725 State St Perth Amboy, NJ 08861
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