Freestanding Building on Main
405 Main St South Amboy, NJ 08879
405 Main St, South Amboy, NJ, 08879
$350,000
For Sale
$350,000
Freestanding commercial building with high visibility on Main Street.
Property Size1,500 SF
Price / SF$233.33
Days on Market180
Property Features for 405 Main St
General Information
- Standard status
- Active
- Size
- 1,500 SF
Listing Agency
C21 CHARLES SMITH AGENCY, INC
(732) 721-9000
Listed by
LORI ANNIELLO-NARLESKI
Source
Exprealty
Added: Jan 21 Checked: Jul 19 at 5:51 am
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
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.
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 | $32.4k | $21.60 |
| − Vacancy | −$1.8k | −$1.21 |
| EGI | $30.6k | $20.39 |
| − OpEx | −$9.2k | −$6.12 |
| NOI | $21.4k | $14.27 |
1,500 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
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**.
