South Amboy Mixed-Use
131 N Broadway South Amboy, NJ 08879
131 N Broadway, South Amboy, NJ, 08879
$1,695,000
For Sale
$1,695,000
8000 SF mixed-use building near train station.
Property Size8,000 SF
Price / SF$211.88
Days on Market468
Property Features for 131 N Broadway
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Commercial
Listing Agency
UNITED NATIONAL REALTY GROUP
(732) 962-9005
Listed by
MICHAEL DUKHOVNY
Source
Corcoran
Added: Apr 9, 2025 Updated: Jul 6 at 10:27 am Checked: Jul 20 at 3:32 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of UNITED NATIONAL REALTY GROUP
Investment Insights
Based on property information with market context.
This almost 8000 square foot mixed-use building is located in the heart of the South Amboy commercial district, next to the South Amboy train station, providing easy access and visibility. The property features an elevator, a large basement, and sprinkler systems. It also includes heavy-duty electrical systems. The ground floor is set up as a food establishment with sidewalk use. The upper two floors are configured as open spaces, each with multiple bathrooms. There are new developments and township improvements in the surrounding area.
Key Highlights
- Prime location next to the South Amboy train station, offering high visibility and accessibility.
- Large building size of almost 8000 sq ft.
- Priced to sell at under $240 per sq ft.
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 | $172.8k | $21.60 |
| − Vacancy | −$9.7k | −$1.21 |
| EGI | $163.1k | $20.39 |
| − OpEx | −$40.8k | −$5.10 |
| NOI | $122.3k | $15.29 |
8,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,342 @ 7.0% cap · market cap 7.22%
Second Best
Mixed Use
$988.9K
$865.3K – $1.15M
NOI $69,221 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,227 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 8000 SF mixed-use building near train station.
Where is this mixed-use property located?
The property is located at 131 N Broadway South Amboy, NJ.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Prime location next to the South Amboy train station, offering high visibility and accessibility.; Large building size of almost 8000 sq ft.; Priced to sell at under $240 per sq ft.
