Freestanding Building on Main
For Sale
$350,000
405 Main St, South Amboy, NJ 08879
Freestanding commercial building with high visibility on Main Street.
Property Size1,500 SF
Price / SF$233.33
Days on Market278
Property Features for 405 Main St
General Information
Standard status
Active
Size
1,500 SF
Taxes and HOA fees
Annual Taxes
$5,787
Listing Agency:
C21 CHARLES SMITH AGENCY, INC
(732) 721-9000
Listed By:
LORI ANNIELLO-NARLESKI
Source:
Exprealty
Added: Jan 20
Changed: Oct 16
Last Checked: Oct 24 at 6:05PM
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 C21 CHARLES SMITH AGENCY, INC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding commercial building, situated on Main Street, offers high visibility and could be suitable for establishing a business. The property is zoned B-1, and prospective buyers should verify permitted uses with the city. The building features two overhead doors with a height of 10+ feet. The property is being sold AS IS. The sale excludes the vacant lot behind the building, which is available separately. The building has an approximate size of 1500 square feet, according to the owner.
Key Highlights
- Freestanding building on Main Street with high visibility.
- Zoned B‑1 (Buyer to verify permitted uses).
- Two 10'+ high overhead doors**.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,410
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
$428.2K
Cap Rate 7%
$305,857
$305.9K
Cap Rate 9%
$237,889
$237.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$30.6K $20.39/SF
− OpEx
−$9.2K −$6.12/SF
NOI
$21.4K $14.27/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
Cap Rate 7%
$305,857
Cap Rate 9%
$237,889
Alternative Uses
Best Use
Retail
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08879, NJ
22,965
Population
9,737
Households
2.4
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
3,235
Density / Sq Mi
$98,000
Median Household Income
$57,998
Median Earnings
$1,633
Median Rent
$377,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Jacqueline's Florist & Gifts — 369 Bordentown Ave, South Amboy, NJ 08879
- Just Dream — 112 N Broadway, South Amboy, NJ 08879
- Eden Farm Fresh
- Midtown Florist — 113 N Broadway, South Amboy, NJ 08879
- Sayrewoods Floral — 985 US-9 N, Sayreville, NJ 08879
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building with high visibility on Main Street.
Where is this storefront property located?
The property is located at 405 Main St South Amboy, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Freestanding building on Main Street with **high visibility**.; Zoned B‑1 (Buyer to verify permitted uses).; Two 10'+ high overhead doors**.
