Building Details

Building Size 1,975 SF

Year Built 1920

Stories 1

Listed By: Steven Bonavita · License #1429895 Show Phone

Source: Sbonavita.remax

Added: Jul 9 Changed: Oct 12 Last Checked: Oct 7 at 9:43AM

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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 Steven Bonavita

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Investment Insights

Based on property information with market context.

This restaurant property at 462 Amboy Avenue in Perth Amboy, New Jersey, includes approximately 1,975 square feet and dates to 1920. The asset carries C-1 zoning and is currently occupied under a five-year lease, providing an established lease term for an owner-user or investor evaluating the property. Its designated use as a conventional restaurant aligns with the existing commercial configuration. The property is located in the Perth Amboy commercial area and offers a dedicated restaurant building with an existing tenancy in place.

Key Highlights

• Approximately 1,975‑square‑foot restaurant property
• C‑1 zoning
• Existing five‑year lease

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,203

Cap Rate

4.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$604,060 $604.1K

Cap Rate 7%

$431,471 $431.5K

Cap Rate 9%

$335,589 $335.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,975 SF

Gross rent

$42.7K $21.60/SF

− Vacancy

−$2.4K −$1.21/SF

EGI

$40.3K $20.39/SF

− OpEx

−$10.1K −$5.10/SF

NOI

$30.2K $15.29/SF

Area

Middlesex County, NJ

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$604,060

Cap Rate 7%

$431,471

Cap Rate 9%

$335,589

Alternative Uses

Best Use

Specialty Retail

$431.5K

$377.5K – $503.4K (±1% cap)

NOI $30,203 @ 7.0% cap · market cap 4.32%

Second Best

Retail

$402.7K

$352.4K – $469.8K (±1% cap)

NOI $28,190 @ 7.0% cap · market cap 4.03%

Theoretical Best

Office A

$515.7K

$451.3K – $601.7K (±1% cap)

NOI $36,100 @ 7.0% cap · market cap 5.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Eden's Legacy Restaurant

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Catering Service (Bike/Boat/Book/etc) Store Veterinary Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,444

Businesses Nearby

94k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 56% Dining 22% Groceries 20% Electronics 1%

Speedway Shops & Services

14,643 visits/mo 0.5 miles

Bank of America Shops & Services

13,126 visits/mo 0.5 miles

Tropical Supermarket Groceries

12,887 visits/mo 0.5 miles

Shell Shops & Services

12,205 visits/mo 0.5 miles

Dunkin' Donuts Dining

11,568 visits/mo 0.5 miles

Demographics for 08861, NJ

58,039

Population

21,032

Households

2.8

Avg Household Size

35

Median Age

16%

College-Educated

70%

High-School Grad

5.1 sq mi

ZIP Area

11,380

Density / Sq Mi

$60,464

Median Household Income

$34,093

Median Earnings

$1,623

Median Rent

$340,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - C-1-zoned restaurant property in Perth Amboy with an existing five-year lease.

Where is this conventional restaurant located?

The property is located at 462 Amboy Avenue Perth Amboy Perth 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 1,975‑square‑foot restaurant property; C‑1 zoning; Existing five‑year lease