Two-Tenant Retail
New
For Sale
$675,000
591 New Brunswick Avenue, Perth Amboy, NJ 08861
Commercial Sale, Perth Amboy, NJ
Property Size2,600 SF
Lot Size0.06 Acres
Price / SF$259.62
Days on Market1
Property Features for 591 New Brunswick Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking features
On Street
Lot features
Near Train, Commercial Area, Corner Lot
Directions
From Turnpike or Garden State Pkwy to New Brunswick Ave.
Standard status
Active
APN
1600185000000020
Size
2,600 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9874
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX COMPETITIVE EDGE · RE/MAX International
(732) 548-5555
Listed By:
Nadeem Qavi
(908) 581-1834
Added: Oct 22
Last Checked: Oct 22 at 10:06PM
MLS# 2706496R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,600-square-foot brick retail building contains two leased units: Margarita’s Deli at the front and Stage 1 Tires at the rear. Built in 1925, the property sits on a 0.0574-acre lot and is zoned C-1. Public water and sewer serve the building, with forced-air heating and a flat roof. Parking is on street.
The property is on New Brunswick Avenue in Perth Amboy, near a hospital and a high-density apartment complex. Nearby businesses include 7-Eleven, Family Dollar, Domino’s, AutoZone, and McDonald’s. The leases include annual rent increases of 3%, and the owner pays taxes and insurance.
The property is on New Brunswick Avenue in Perth Amboy, near a hospital and a high-density apartment complex. Nearby businesses include 7-Eleven, Family Dollar, Domino’s, AutoZone, and McDonald’s. The leases include annual rent increases of 3%, and the owner pays taxes and insurance.
Key Highlights
- Two retail units are fully leased: Margarita’s Deli and Stage 1 Tires
- 2,600‑square‑foot brick building on a 0.0574‑acre lot
- C‑1 zoning; built in 1925
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
Retail
$530.2K
$463.9K – $618.5K
NOI $37,111 @ 7.0% cap · market cap 5.50%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
220k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 33%
Shops & Services 33%
Dining 30%
Electronics 4%
ShopRite
Groceries
59,276 visits/mo
0.2 miles
McDonald's
Dining
35,381 visits/mo
0.1 miles
Taco Bell
Dining
13,866 visits/mo
0.3 miles
Bank of America
Shops & Services
13,126 visits/mo
0.3 miles
Tropical Supermarket
Groceries
12,887 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
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
Similar Off Market Nearby
- Kuchie's Alpine Florist — 656 Amboy Ave, Perth Amboy, NJ 08861
Frequently Asked Questions
What type of property is this?
Storefront property - The brick property is fully leased to two established retail businesses.
Where is this storefront property located?
The property is located at 591 New Brunswick Avenue 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: Two retail units are fully leased: Margarita’s Deli and Stage 1 Tires; 2,600‑square‑foot brick building on a 0.0574‑acre lot; C‑1 zoning; built in 1925
