Commercial Building with Two-Bay
459 State St Perth Amboy, NJ 08861
For Sale
$1,150,000
Zoned C-1 commercial building includes a two-bay garage currently operating as a mechanic shop.
Property Size5,000 SF
Price / SF$230
Days on Market38
Property Features for 459 State St
General Information
Standard status
Active
Size
5,000 SF
Listing Agency:
J.J. ELEK REALTY CO.
(732) 634-9100
Listed By:
JOSEPH DEVIZIO · License #0568876
Source:
Exprealty
Added: Jun 22
Changed: Jul 25
Last Checked: Jul 27 at 1:42AM
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 J.J. ELEK REALTY CO.
Investment Insights
Based on property information with market context.
This for-sale commercial property features a commercial building along with a two-bay garage currently being used as a mechanic shop. The site is zoned C-1 and offers flexibility for a variety of commercial uses.
The property is located at 459 State St in Perth Amboy, New Jersey. The owner has approved architectural plans that would allow apartments to be built above the commercial space, providing additional development potential.
With its combined commercial building and garage configuration, the property can support storefront or service-oriented operations within the existing layout while aligning with the C-1 zoning framework.
The property is located at 459 State St in Perth Amboy, New Jersey. The owner has approved architectural plans that would allow apartments to be built above the commercial space, providing additional development potential.
With its combined commercial building and garage configuration, the property can support storefront or service-oriented operations within the existing layout while aligning with the C-1 zoning framework.
Key Highlights
- Approximately 4,500 SF C‑1 commercial building in Perth Amboy
- Zoned C‑1; suitable for a range of uses including restaurant, medical facility, lounge, bank, pharmacy, and retail
- Includes a 2‑bay garage currently operating as a mechanic shop
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 | $108.0k | $21.60 |
| − Vacancy | −$6.0k | −$1.21 |
| EGI | $102.0k | $20.39 |
| − OpEx | −$30.6k | −$6.12 |
| NOI | $71.4k | $14.27 |
5,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.02M
$892.1K – $1.19M
NOI $71,366 @ 7.0% cap · market cap 6.21%
Second Best
Industrial
$801.7K
$701.5K – $935.4K
NOI $56,121 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Superior automotive & Truck Repair — 156 2nd St, Perth Amboy, NJ 08861
- Gonzales auto electric — 145 2nd St, Perth Amboy, NJ 08861
- Beato Auto Repair — 141 2nd St, Perth Amboy, NJ 08861
- Way To Success — 156 2nd St, Perth Amboy, NJ 08861
- Ortiz Towing & Auto Repair — 143 2nd St, Perth Amboy, NJ 08861
Frequently Asked Questions
What type of property is this?
Auto shop - Zoned C-1 commercial building includes a two-bay garage currently operating as a mechanic shop.
Where is this auto shop located?
The property is located at 459 State St Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately 4,500 SF C‑1 commercial building in Perth Amboy; Zoned C‑1; suitable for a range of uses including restaurant, medical facility, lounge, bank, pharmacy, and retail; Includes a 2‑bay garage currently operating as a mechanic shop
