Turn-Key Dry Cleaning
For Sale
$800,000
2 CLINTON ST Unit 1, Newton, NJ 07860
Established dry cleaning operation offered with integrated equipment in a freestanding storefront building.
Property Size3,800 SF
Lot Size0.11 Acres
Price / SF$210.53
Days on Market87
Property Features for 2 CLINTON ST Unit 1
General Information
Standard status
Active
Size
3,800 SF
Lot size
0.11 Acres
Property subtype
Retail
Additional Details
Business Included
Yes
Building Details
Year Built
1940
Listing Agency:
REALTY 7 LLC
(201) 292-7777
Listed By:
JAMES LEE
(201) 292-7777
Source:
Xome
Added: May 6
Changed: Jul 10
Last Checked: Jul 16 at 7:04AM
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 REALTY 7 LLC
Investment Insights
Based on property information with market context.
This offering presents a turn-key dry cleaning plant with a long-established operating history. The facility includes a freestanding building and a dedicated production setup featuring a 60LB Unisec Hydro Carbon machine, multiple shirt cleaning units, utility presses, and a 20 HP boiler. The plant is designed to support in-house garment processing as an owner-operated business or as a tenant business with prepared equipment in place.
Located in Newton, New Jersey at 2 Clinton St Unit 1, the property is configured for storefront access and business operations from the same site as the plant equipment. The offering is structured to accommodate different buyer goals, including a combined purchase path that includes the property and business, as well as an alternative option focused on the business with a stable commercial lease.
For operators seeking an immediate-start dry cleaning platform, the included equipment and processing configuration can reduce the lead time associated with sourcing and assembling a production line. For buyers evaluating an owner-user or investment strategy, the ability to acquire the plant with the real estate, or purchase the business through the existing leasing arrangement, provides flexibility while maintaining an established operating business foundation.
Located in Newton, New Jersey at 2 Clinton St Unit 1, the property is configured for storefront access and business operations from the same site as the plant equipment. The offering is structured to accommodate different buyer goals, including a combined purchase path that includes the property and business, as well as an alternative option focused on the business with a stable commercial lease.
For operators seeking an immediate-start dry cleaning platform, the included equipment and processing configuration can reduce the lead time associated with sourcing and assembling a production line. For buyers evaluating an owner-user or investment strategy, the ability to acquire the plant with the real estate, or purchase the business through the existing leasing arrangement, provides flexibility while maintaining an established operating business foundation.
Key Highlights
- Freestanding 4,000 SF dry cleaning plant on a 5,000 SF lot in Newton, NJ
- 30‑year established Lynn Cleaners dry cleaning operation with integrated equipment
- $150K net income reported and operating equipment includes a 60LB Unisec Hydro Carbon machine
Financial Insights For 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 | $82.1k | $21.60 |
| − Vacancy | −$4.6k | −$1.21 |
| EGI | $77.5k | $20.39 |
| − OpEx | −$23.2k | −$6.12 |
| NOI | $54.2k | $14.27 |
3,800 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$774.8K
$678.0K – $904.0K
NOI $54,238 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$992.3K
$868.2K – $1.16M
NOI $69,458 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
193k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Apparel 22%
Home Improvements & Furnishings 15%
Shops & Services 11%
Kohl's
Apparel
41,899 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
29,382 visits/mo
0.3 miles
Weis Markets
Groceries
19,119 visits/mo
0.4 miles
Dunkin' Donuts
Dining
18,428 visits/mo
0.4 miles
Starbucks
Dining
17,275 visits/mo
0.5 miles
Demographics for 07860, NJ
25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Established dry cleaning operation offered with integrated equipment in a freestanding storefront building.
Where is this storefront property located?
The property is located at 2 CLINTON ST Unit 1 Newton, NJ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Freestanding 4,000 SF dry cleaning plant on a 5,000 SF lot in Newton, NJ; 30‑year established Lynn Cleaners dry cleaning operation with integrated equipment; $150K net income reported and operating equipment includes a 60LB Unisec Hydro Carbon machine
