Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    239 Harrison Ave Harrison, NJ 07029

    Sponsored
    For Sale
    $99,000

    Thriving Perfume, Gift & Tailor Shop

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional business opportunity presents a turnkey operation in a high-traffic area of Harrison, New Jersey. Located at 239 Harrison Ave, 07029, this established Perfume, Gift, and Tailor Shop is offered at an asking price of $99,000. The business includes all existing inventory, allowing for immediate revenue generation upon acquisition. The current owner-user model provides a seamless transition for the new owner. The attractive monthly lease of $1,100 offers significant value considering the prime location and established clientele. This is an ideal investment for an entrepreneur seeking a profitable, established business with immediate earning potential. The shop's diverse offerings cater to a broad customer base, ensuring consistent sales. The convenient location in Hudson County, New Jersey, provides excellent accessibility and visibility. This is a rare opportunity to acquire a well-established business with a strong foundation for continued growth and success. All aspects of the business are included in the sale price, making this a truly turnkey operation. The low monthly lease payment further enhances the profitability and attractiveness of this investment. Serious inquiries are encouraged to explore this exceptional business opportunity.

    Property Features for 239 Harrison Ave

    General Information

    Property type
    Investment properties

    HighLights

    • Turnkey perfume, gift, and tailor shop in high‑traffic Harrison, NJ.
    • Asking price: $99,000, includes all inventory.
    • Monthly rent: $1,100.
    • Located at 239 Harrison Ave, Harrison, NJ 07029.
    • Established clientele and immediate revenue potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1584715
    Latitude
    40.7460026

    Nearby Comparable

    • $999,000

      Newer Two-Family Home in Harrison

      Two-family home built in 2010, convenient location.
      221 William St, Harrison, NJ 07029
      View Details
    • $1,600,000

      Mixed-Use Property with Liquor License

      Mixed-use property featuring a bar, kitchen, hall, and residential unit.
      108 1St St, Harrison, NJ 07029
      View Details
    • $629,000

      Income-Producing Two-Family Home

      Two-family home near New York City with income potential.
      313 Central Ave, East Newark, NJ 07029
      View Details
    • $629,000
      Pending

      Income-Producing Two-Family Home

      Two-family home near New York City with income potential.
      313 Central Ave, Harrison, NJ 07029
      View Details
    • $850,000

      Harrison Office Building For Sale

      Three-story office building near major highways with income potential.
      2 Jersey St, Harrison, NJ 07029
      View Details
    • $600,000

      East Newark Investment Property Package

      Four-property portfolio: warehouse and three two-family homes in East Newark.
      213 Central Ave, East Newark, NJ 07029
      View Details
    • $1,300,000

      Two-Level Warehouse in East Newark

      Turnkey warehouse space ideal for contractors, designers, and manufacturers.
      209-211 Central Ave, East Newark, NJ 07029
      View Details
    • $700,000

      East Newark Investment Portfolio

      Four properties: warehouse and three multifamily homes in East Newark.
      349 N 2Nd St, East Newark, NJ 07029
      View Details
    • $700,000

      East Newark Investment Portfolio

      Four properties: warehouse and three two-family homes in East Newark.
      351 N 2Nd St, East Newark, NJ 07029
      View Details
    • Contact for pricing

      21-Unit Multifamily Portfolio in NJ

      High-Yield Investment Opportunity in NJ
      0 123456, Harrison, NJ 07029
      View Details
    • $499,000

      Harrison Specialty Property For Sale

      Specialty property available for purchase in Harrison, New Jersey.
      201 Dey St, Harrison, NJ 07029
      View Details

    Nearby Similar for Sale

    • $2,350,000

      Renovated Mixed-Use Investment Property

      Fully leased, renovated mixed-use property with immediate upside potential.
      743 Harrison Ave, Harrison, NJ 07029
      View Details
    • $629,000
      Pending

      Income-Producing Two-Family Home

      Two-family home near New York City with income potential.
      313 Central Ave, Harrison, NJ 07029
      View Details
    • $999,000

      Newer Two-Family Home in Harrison

      Two-family home built in 2010, convenient location.
      221 William St, Harrison, NJ 07029
      View Details
    • $1,600,000

      Mixed-Use Property with Liquor License

      Mixed-use property featuring a bar, kitchen, hall, and residential unit.
      108 1St St, Harrison, NJ 07029
      View Details
    • $850,000

      Harrison Office Building For Sale

      Three-story office building near major highways with income potential.
      2 Jersey St, Harrison, NJ 07029
      View Details
    • $849,900

      Three-Family Home in Prime Location

      Three-family home near transportation with rental income potential.
      1 Kingsland Ave, Harrison, NJ 07029
      View Details
    • $380,000

      Retail Space in Prime Location

      Retail space suitable for various business types, mortgage possible.
      735 Harrison Ave, Harrison, NJ 07029
      View Details
    • $448,000

      Harrison Specialty Property For Sale

      Specialty property available for purchase in Harrison, New Jersey.
      200 Dey St, Harrison, NJ 07029
      View Details
    • $499,000

      Harrison Specialty Property For Sale

      Specialty property available for purchase in Harrison, New Jersey.
      201 Dey St, Harrison, NJ 07029
      View Details
    • Contact for pricing

      21-Unit Multifamily Portfolio in NJ

      High-Yield Investment Opportunity in NJ
      0 123456, Harrison, NJ 07029
      View Details

    FAQs

    What type of property is this?
    Investment property - Thriving Perfume, Gift & Tailor Shop
    Where is this investment property located?
    The property is located at 239 Harrison Ave Harrison, NJ.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Turnkey perfume, gift, and tailor shop in high-traffic Harrison, NJ.; Asking price: $99,000, includes all inventory.; Monthly rent: $1,100.
    (973) 715-4254
    Request Owner's contact information
    239 Harrison Ave Harrison, NJ 07029
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    239 Harrison Ave
    Harrison, NJ 07029
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    239 Harrison Ave Harrison, NJ 07029
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.