Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    131 N Broadway St, Unit A South Amboy, NJ 08879

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial retail space with kitchen hookups and outdoor seating.

    Property size:
    2,400 SF

    Property Features for 131 N Broadway St

    General Information

    Standard status
    Active
    Size
    2,400 SF

    Building Details

    Year built
    2004

    We can help!

    Listing Contact
    Michael Dukhovny
    Source: Corcoran

    Listing Agency: United National Realty Group Listing Agent: Michael Dukhovny

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Near Commuter Rail

    This commercial retail space, formerly a restaurant, features kitchen hookups and a grease trap, making it suitable for another restaurant or various other businesses. The layout includes numerous windows, an outdoor seating area, and two bathrooms. Situated next to the commuter rail station and surrounded by other businesses and multiple housing developments, the location benefits from significant exposure. The property is located on a busy avenue with heavy vehicular and foot traffic. The space can be leased with the above floors for additional space or to create party rooms. There is an option to purchase a liquor license for full consumption and sales from the landlord.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    South Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2888
    Latitude
    40.4806

    Nearby Similar for Sale

    • New
      $395,000
      760 SF

      South Amboy Storefront Opportunity

      Versatile 760 SF storefront ideal for various business uses.
      330 Bordentown Ave, South Amboy, NJ 08879
      View Details
    • $1,750,000

      South Amboy Commercial Building

      8000 SF building in South Amboy's commercial district.
      131 N Broadway, South Amboy, NJ 08879
      View Details
    • $55,000

      Established Balkan Market Opportunity

      Turn-key Balkan market with kitchen, basement, and office.
      339 S Pine Ave, South Amboy, NJ 08879
      View Details
    • $899,900
      2,756 SF

      Updated Multi-Unit Home with Garages

      Updated multi-unit home with garage bays near major transportation hubs.
      601 Ridgeway Ave, South Amboy, NJ 08879
      View Details
    • New
      $765,000
      3,020 SF

      South Amboy Two-Family Residence

      Two-family property in South Amboy, New Jersey.
      228 David St, South Amboy, NJ 08879
      View Details
    • New
      $500,000
      Pending

      South Amboy Two-Family Home

      Two-unit property with good tenants, near train and ferry.
      417 John St, South Amboy, NJ 08879
      View Details
    • $500,000
      1,372 SF

      South Amboy Two-Family Home

      Two-family home in South Amboy with excellent rent roll.
      417 John St, South Amboy, NJ 08879
      View Details
    • New
      $599,900
      Pending

      Income Producing Duplex in Amboy

      Immaculately maintained duplex with updated features and prime location.
      233-235 Augusta St, South Amboy, NJ 08879
      View Details
    • $799,000
      2,590 SF

      South Amboy Three-Family Property

      Three-family property in South Amboy, near transportation and shopping.
      442 Bordentown Ave, South Amboy, NJ 08879
      View Details
    • New
      $395,000
      760 SF

      South Amboy Storefront Opportunity

      Versatile 760 SF storefront ideal for various business uses.
      330 Bordentown Ave, South Amboy, NJ 08879
      View Details
    • $399,900
      1,465 SF

      Freestanding Building on Route 35

      Freestanding building with frontage on Route 35, built in 1998.
      1133 State Route 35, South Amboy, NJ 08879
      View Details
    • New
      $599,900
      Pending

      Updated Duplex Near NJ Transit

      Income-producing duplex with modern updates and private fenced yards.
      233 Augusta St, South Amboy, NJ 08879
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial retail space with kitchen hookups and outdoor seating.
    Where is this retail space located?
    The property is located at 131 N Broadway St, Unit A South Amboy, NJ.
    What are key features of this property?
    This property features: - Prime location next to the commuter rail station with high visibility due to heavy vehicular and foot traffic.; - Formerly a restaurant with existing kitchen hookups and a grease trap, suitable for a new restaurant or other business.; - Option to purchase a liquor license for full consumption and sales.
    (732) 962-9005
    Request Owner's contact information
    131 N Broadway St, Unit A South Amboy, NJ 08879
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    131 N Broadway St, Unit A
    South Amboy, NJ 08879
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    131 N Broadway St, Unit A South Amboy, NJ 08879
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Dukhovny
    (732) 962-9005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!