Mixed-Use Corner Lot
630 Florida Grove Rd Perth Amboy, NJ 08861
630 Florida Grove Rd, Perth Amboy, NJ, 08861
$989,000
For Sale
$989,000
Mixed-use property with commercial and residential income potential.
Property Size9,999 SF
Price / SF$98.91
Days on Market103
Property Features for 630 Florida Grove Rd
General Information
- Standard status
- Active
- Size
- 9,999 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
VERIFIED HOMES
(973) 888-1293
Listed by
NEKITA MARTINS
Source
Corcoran
Added: Apr 8 Checked: Jul 19 at 3:38 am
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 VERIFIED HOMES
Investment Insights
Based on property information with market context.
This mixed-use property is situated on a corner lot totaling 10,454 square feet. It features two separate buildings, offering both commercial and residential income potential. All utilities are separate. The front building includes a retail space, currently operating as a flower shop (Vollmann's Florist Greenhouses), complete with an attached greenhouse. This commercial unit will be delivered vacant. The first building also includes two studio apartments. The second building consists of two studio apartments and is complemented by a private driveway with parking for two vehicles. The expansive corner lot presents upside potential for future development, expansion, or reconfiguration. It is suitable for investors or owner operators seeking a versatile asset with multiple income streams.
Key Highlights
- Prime corner lot location with high visibility on 10,454 sq ft.
- Mixed‑use property with commercial and residential income potential from two separate buildings.
- Commercial unit (Vollmann's Florist Greenhouses) delivered vacant, offering immediate flexibility.
Local Financial Insights For Mixed Use
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 | $158.4k | $15.84 |
| − Vacancy | −$20.0k | −$2.00 |
| EGI | $138.4k | $13.84 |
| − OpEx | −$51.9k | −$5.19 |
| NOI | $86.5k | $8.65 |
9,999 SF · lease $15.84/SF/yr · vacancy 12.60% · expense 37.50%
Alternative Uses
Best Use
Retail
$2.04M
$1.78M – $2.38M
NOI $142,719 @ 7.0% cap · market cap 14.43%
Second Best
Mixed Use
$1.24M
$1.08M – $1.44M
NOI $86,517 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,766 @ 7.0% cap · market cap 18.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vollmann's Florist,Gifts and Greenhouses
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with commercial and residential income potential.
Where is this mixed-use property located?
The property is located at 630 Florida Grove Rd Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Prime corner lot location with high visibility on 10,454 sq ft.; Mixed‑use property with commercial and residential income potential from two separate buildings.; Commercial unit (Vollmann's Florist Greenhouses) delivered vacant, offering immediate flexibility.
