Mixed-Use Building in Prime
292 Smith St Perth Amboy, NJ 08861
For Sale
$1,350,000
Pending
Mixed-use property with grocery store and residential units for sale.
Property Size2,627 SF
Lot Size0.06 Acres
Days on Market283
Property Features for 292 Smith St
General Information
Standard status
Pending
Size
2,627 SF
Lot size
0.06 Acres
Property subtype
Commercial
Building Details
Year Built
1925
Listing Agency:
UNITED REAL ESTATE
(888) 501-6953
Listed By:
JULIO CESAR VALDEZ
Source:
Corcoran
Added: Oct 19, 2025
Changed: Jul 10
Last Checked: Jul 23 at 9:48AM
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 REAL ESTATE
Investment Insights
Based on property information with market context.
This mixed-use building is located in a commercial district of Perth Amboy. The property includes a fully operational grocery store with street visibility and foot traffic. The second and third floors each contain a 3-bedroom apartment featuring an open-concept living and dining area, a modern kitchen, and one full bath. The second-floor unit includes a large private deck. A fenced patio provides space for one car. The property is situated close to major highways, shopping, restaurants, and the train station. The grocery store currently generates $3,400 per month with no lease. The second-floor apartment generates $2,750 per month with no lease. The third-floor apartment generates $2,530 per month with a lease expiring in January 2026. The property is suitable for investors or owner-operators.
Key Highlights
- Prime location in Perth Amboy's busiest commercial district with excellent street visibility and foot traffic.
- Strong income potential from a fully operational grocery store and two spacious 3‑bedroom apartments.
- Turnkey property ideal for investors or owner‑operators seeking stable income in a high‑demand area.
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 | $56.7k | $21.60 |
| − Vacancy | −$3.2k | −$1.21 |
| EGI | $53.6k | $20.39 |
| − OpEx | −$13.4k | −$5.10 |
| NOI | $40.2k | $15.29 |
2,627 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$573.9K
$502.2K – $669.6K
NOI $40,174 @ 7.0% cap · market cap 2.98%
Second Best
Retail
$535.7K
$468.7K – $624.9K
NOI $37,496 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$686.0K
$600.2K – $800.3K
NOI $48,017 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with grocery store and residential units for sale.
Where is this mixed-use property located?
The property is located at 292 Smith St Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime location in Perth Amboy's busiest commercial district with excellent street visibility and foot traffic.; Strong income potential from a fully operational grocery store and two spacious 3‑bedroom apartments.; Turnkey property ideal for investors or owner‑operators seeking stable income in a high‑demand area.
