2 CLINTON ST Unit 1, Newton, NJ 07860
Established dry cleaning operation offered with integrated equipment in a freestanding storefront building.
- Added:
- May 23, 2026
- Days on Market:
- 24
- Last Refresh:
- Jun 14 at 2:04 am
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
Building Details
- Year Built
- 1940
Listing agent JAMES LEE (201) 292-7777
Listing office REALTY 7 LLC (201) 292-7777
Listing date May 23, 2026
Source Xome
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
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
- Includes 12 shirt units, 12 utility presses, and a 20 HP boiler
- Heating and fire alarm system included; parking available via driveway
- Zoned T‑5 with Central Business District and highway access
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Newton Flower Delivery — Hill Ter, Newton, NJ 07860
- Wildflowers of Sussex County — 225 Spring St, Newton, NJ 07860
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.7519129
- Latitude
- 41.0610607
