Mixed-Use Dry Cleaning
For Sale
$850,000
69-69 Main St., Sayreville, NJ 08872
Turnkey dry-cleaning and alterations business with an attached second-floor residence and private entrances.
Property Size2,320 SF
Price / SF$366.38
Days on Market106
Property Features for 69-69 Main St.
General Information
Standard status
Active
Size
2,320 SF
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1930
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
DONALD C. RICARD
(908) 879-4900
Source:
Luminancerealty
Added: Jul 9
Changed: Oct 5
Last Checked: Oct 6 at 12:17AM
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 COLDWELL BANKER REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property is being sold turnkey together with an operating dry-cleaning and alterations business. The commercial space is fully operational, and the offering includes the business and the building as part of a single sale. The second floor features a spacious owner’s residence with a living room, kitchen, full bathroom, and three bedrooms, along with a private front and rear entrance.
The property is located on Main Street in Sayreville, New Jersey, with easy access to major highways and nearby shopping and dining.
A one-car garage is included, providing additional convenience and storage for the residence. The current owners have operated the business for many years and are now retiring, making this a direct acquisition opportunity for an owner-operator or investor seeking an established, income-producing operation.
The property is located on Main Street in Sayreville, New Jersey, with easy access to major highways and nearby shopping and dining.
A one-car garage is included, providing additional convenience and storage for the residence. The current owners have operated the business for many years and are now retiring, making this a direct acquisition opportunity for an owner-operator or investor seeking an established, income-producing operation.
Key Highlights
- Mixed‑use commercial property with an operating dry‑cleaning and alterations business sold together with the building
- On‑site business includes a thriving, long‑standing dry‑cleaning and alterations operation with a loyal customer base
- No direct dry‑cleaning competition reported within approximately a 3‑mile radius
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,496
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,920
$709.9K
Cap Rate 7%
$507,086
$507.1K
Cap Rate 9%
$394,400
$394.4K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$69.6K $30.00/SF
− Vacancy
−$22.3K −$9.60/SF
EGI
$47.3K $20.40/SF
− OpEx
−$11.8K −$5.10/SF
NOI
$35.5K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,920
Cap Rate 7%
$507,086
Cap Rate 9%
$394,400
Alternative Uses
Best Use
Office B
$507.1K
$443.7K – $591.6K
NOI $35,496 @ 7.0% cap · market cap 4.18%
Second Best
Retail
$473.1K
$413.9K – $551.9K
NOI $33,114 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$605.8K
$530.1K – $706.8K
NOI $42,406 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 08872, NJ
20,351
Population
7,837
Households
2.6
Avg Household Size
39
Median Age
36%
College-Educated
90%
High-School Grad
9.5 sq mi
ZIP Area
2,142
Density / Sq Mi
$97,204
Median Household Income
$50,654
Median Earnings
$1,594
Median Rent
$404,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Turnkey dry-cleaning and alterations business with an attached second-floor residence and private entrances.
Where is this live-work space located?
The property is located at 69-69 Main St. Sayreville, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Mixed‑use commercial property with an operating dry‑cleaning and alterations business sold together with the building; On‑site business includes a thriving, long‑standing dry‑cleaning and alterations operation with a loyal customer base; No direct dry‑cleaning competition reported within approximately a 3‑mile radius
