5 Vose Ave South Orange, NJ 07079
Retail space suitable for dry cleaning business in downtown.
Source: K Realty Group LLC
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Downtown Retail Opportunity
This retail space is located in the heart of downtown, surrounded by luxury condominiums. The location offers income potential with the tenant only paying for electricity. The current tenant operates another dry cleaner in East Orange. The South Orange location has removed the dry cleaning equipment, but the foundation remains intact, making it possible to reinstall equipment and restart operations. The tenant is responsible for rent of $2,650, electricity of $150 per month, and insurance of $130 per month. The combined annual income from both locations exceeds $530,000. There is potential to further increase revenue by adding pickup and delivery services. This location is suitable for operating a dry cleaning business.
Location Intelligence
Current Use by Public Records
Custom Care Cleaners
Cleaning Service
Location Insight
- Map
- Local Demand
- City
- South Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.262617
- Latitude
- 40.741165
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail space suitable for dry cleaning business in downtown.
Where is this retail space located?
The property is located at 5 Vose Ave South Orange, NJ.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: - Prime downtown location surrounded by luxury condominiums.; - Low rent structure: tenant only pays for electricity.; - Potential to purchase a second, fully equipped dry cleaning business in East Orange (MLS# 22005377) for combined income.