Freestanding Flex
For Sale
Contact for pricing
405 Main Street, South Amboy, NJ 08879
Main Street building with B-1 zoning and two overhead doors supports a range of commercial configurations.
Property Size1,500 SF
Price / SF$466
Days on Market1856
Property Features for 405 Main Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Land
Zoning
B-1
Additional Details
Road Access
Yes
Amenities
2 10'+ high overhead doors
Listing Agency:
C21 CHARLES SMITH AGENCY, INC
Listed By:
TODD KESSLER
(732) 721-9000
Source:
Crexi
Added: Sep 18, 2021
Changed: Oct 15
Last Checked: Oct 16 at 9:14AM
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
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Investment Insights
Based on property information with market context.
This freestanding flex building contains approximately 1,500 square feet on an irregular lot. The property includes two overhead doors measuring more than 10 feet high, providing functional access for commercial or light industrial operations. B-1 zoning applies, with permitted uses subject to confirmation by the City of South Amboy.
The building is located on Main Street in South Amboy, New Jersey. The vacant parcel behind the building is not included in the property and is being offered separately. The building is conveyed in its existing condition, and buyers should independently verify zoning, planning requirements, and intended-use approvals before proceeding.
The building is located on Main Street in South Amboy, New Jersey. The vacant parcel behind the building is not included in the property and is being offered separately. The building is conveyed in its existing condition, and buyers should independently verify zoning, planning requirements, and intended-use approvals before proceeding.
Key Highlights
- Approximately 1,500 SF building on an irregular lot
- Two overhead doors exceeding 10 feet in height
- B‑1 zoning; permitted uses to be verified with the City of South Amboy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,802
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,040
$436.0K
Cap Rate 7%
$311,457
$311.5K
Cap Rate 9%
$242,244
$242.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$43.6K $29.04/SF
− Vacancy
−$10.0K −$6.68/SF
EGI
$33.5K $22.36/SF
− OpEx
−$11.7K −$7.83/SF
NOI
$21.8K $14.53/SF
Area
Middlesex County, NJ
Vacancy
23.00%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,040
Cap Rate 7%
$311,457
Cap Rate 9%
$242,244
Alternative Uses
Best Use
Flex RnD
$311.5K
$272.5K – $363.4K
NOI $21,802 @ 7.0% cap · market cap 3.12%
Second Best
Warehouse
$292.1K
$255.6K – $340.7K
NOI $20,444 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
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 Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Main Street building with B-1 zoning and two overhead doors supports a range of commercial configurations.
Where is this flex space located?
The property is located at 405 Main Street South Amboy, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Approximately 1,500 SF building on an irregular lot; Two overhead doors exceeding 10 feet in height; B‑1 zoning; permitted uses to be verified with the City of South Amboy
