Corner Commercial Investment
For Sale
$675,000
591 New Brunswick Ave, Perth Amboy, NJ 08861
Fully occupied building in active business corridor with steady income.
Property Size2,600 SF
Price / SF$259.62
Days on Market208
Property Features for 591 New Brunswick Ave
General Information
Standard status
Active
Size
2,600 SF
Building Details
Year Built
1925
Listing Agency:
KELLER WILLIAMS ELITE REALTORS
Listed By:
CHRISTOPHER EGRI
(732) 549-1998
Source:
Luminancerealty
Added: Mar 24
Changed: Oct 14
Last Checked: Oct 16 at 11:43AM
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 KELLER WILLIAMS ELITE REALTORS
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Investment Insights
Based on property information with market context.
This fully occupied commercial building is located on a prominent corner in an active Perth Amboy business corridor. The property is currently leased to two established businesses. One tenant operates a food service establishment, while the other utilizes the space for warehouse-style operations. The location benefits from strong visibility, consistent traffic, and convenient on-street parking. It offers quick connections to Route 440, providing direct access to Staten Island, as well as the New Jersey Turnpike, Garden State Parkway, Route 287, and Route 35. It is also just minutes from the Perth Amboy train station, the revitalized downtown area filled with shopping and restaurants, the waterfront, and the local hospital. The property size is 2600 square feet.
Key Highlights
- Fully occupied commercial building providing immediate rental income.
- Prime corner location in a high‑traffic Perth Amboy business corridor.
- Excellent accessibility to major roadways including Route 440, NJ Turnpike, Garden State Parkway, Route 287, and Route 35.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,761
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,220
$795.2K
Cap Rate 7%
$568,014
$568.0K
Cap Rate 9%
$441,789
$441.8K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$56.2K $21.60/SF
− Vacancy
−$3.1K −$1.21/SF
EGI
$53.0K $20.39/SF
− OpEx
−$13.3K −$5.10/SF
NOI
$39.8K $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%
$795,220
Cap Rate 7%
$568,014
Cap Rate 9%
$441,789
Alternative Uses
Best Use
Specialty Retail
$568.0K
$497.0K – $662.7K
NOI $39,761 @ 7.0% cap · market cap 5.89%
Second Best
Warehouse
$506.2K
$443.0K – $590.6K
NOI $35,437 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 7.04%
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
1,304
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied building in active business corridor with steady income.
Where is this mixed-use property located?
The property is located at 591 New Brunswick Ave Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully occupied commercial building providing immediate rental income.; Prime corner location in a high‑traffic Perth Amboy business corridor.; Excellent accessibility to major roadways including Route 440, NJ Turnpike, Garden State Parkway, Route 287, and Route 35.
