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    1565 Route22 Union, NJ 07083

    Sponsored
    For Sale
    $100,000

    Thriving Barbershop, High Traffic Location, Turnkey

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional, bank-themed barbershop is available for purchase. Located on Route 22 in Union, NJ, this high-traffic area sees 80,000 cars daily, ensuring a constant flow of potential customers. The 1400 square foot space boasts eight barber stations with eight chairs, with ample room for expansion up to twenty stations, as permitted by the NJ Consumer Affairs. The business operates six days a week and benefits from an automated booking system and a substantial existing clientele. Amenities include a laundry room with washer and dryer, a storage room, two shampoo sinks, a recently installed HVAC system, and new plumbing. Ample parking is available on-site, along with a backyard area. The property is fully compliant with all codes and regulations, making this a truly turnkey operation. Surrounded by a mix of commercial and residential properties, this barbershop enjoys a prime location. The current rent is $2,000 per month with a long-term lease available. The owner is retiring, creating this unique opportunity. The seller is highly motivated and the current head operator is available to assist with a smooth transition. The sale includes a triple net lease. Build-out costs were approximately $100,000. Financial details will be provided upon completion of a property inspection and meeting with the owner.

    Property Features for 1565 Route22

    General Information

    Property type
    Investment properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Union
    County
    Union
    State
    New Jersey
    Longitude
    -74.24942
    Latitude
    40.69801

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    FAQs

    What type of property is this?
    Investment property - Thriving Barbershop, High Traffic Location, Turnkey
    Where is this investment property located?
    The property is located at 1565 Route22 Union, NJ.
    What is the asking price?
    The asking price for this property is $100,000.
    (908) 851-0320
    Request Owner's contact information
    1565 Route22 Union, NJ 07083
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    Union, NJ 07083
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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
    1565 Route22 Union, NJ 07083
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