Vacant Restaurant
For Sale
Contact for pricing
473 New Brunswick Ave, Perth Amboy, NJ 08861
Former restaurant property near a hospital, offering an existing commercial setting for a new business use.
Property Size2,500 SF
Price / SF$1.80
Days on Market61
Property Features for 473 New Brunswick Ave
General Information
Standard status
Active
Size
2,500 SF
Building Details
Year Built
1927
Listing Agency:
J.J. ELEK REALTY CO.
Listed By:
FELIX SANTANA · License #307182
(732) 634-9100
Source:
Luminancerealty
Added: Aug 16
Changed: Sep 14
Last Checked: Oct 15 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.
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Investment Insights
Based on property information with market context.
This vacant restaurant property measures 2,500 SF and was maintained during more than two decades of prior restaurant operation. The building dates to 1927 and remains in good condition, providing an established commercial setting for a future business use.
The property is positioned near a hospital in Perth Amboy, New Jersey. Its prior restaurant configuration and current vacancy offer flexibility for continued restaurant use or another compatible commercial concept.
The property is positioned near a hospital in Perth Amboy, New Jersey. Its prior restaurant configuration and current vacancy offer flexibility for continued restaurant use or another compatible commercial concept.
Key Highlights
- 2,500 SF property size
- Previously operated as a restaurant for over 20 years
- Currently vacant for a new commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,232
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,640
$764.6K
Cap Rate 7%
$546,171
$546.2K
Cap Rate 9%
$424,800
$424.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.0K $21.60/SF
− Vacancy
−$3.0K −$1.21/SF
EGI
$51.0K $20.39/SF
− OpEx
−$12.7K −$5.10/SF
NOI
$38.2K $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%
$764,640
Cap Rate 7%
$546,171
Cap Rate 9%
$424,800
Alternative Uses
Best Use
Specialty Retail
$546.2K
$477.9K – $637.2K
NOI $38,232 @ 7.0% cap · market cap 849.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 1,015.47%
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
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Dunkin' Donuts
Dining
9,546 visits/mo
0.3 miles
QuickChek
Shops & Services
8,406 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,366 visits/mo
0.3 miles
PNC Bank
Shops & Services
6,385 visits/mo
0.3 miles
Phillips 66
Shops & Services
2,751 visits/mo
0.4 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
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant property near a hospital, offering an existing commercial setting for a new business use.
Where is this conventional restaurant located?
The property is located at 473 New Brunswick Ave Perth Amboy, NJ.
What are key features of this property?
This property features: 2,500 SF property size; Previously operated as a restaurant for over 20 years; Currently vacant for a new commercial use
