Retail Building with Parking
931 Amboy Ave Edison, NJ 08837
For Sale
$899,000
Pending
Two-unit retail building with parking in Clara Barton section.
Property Size2,200 SF
Lot Size0.23 Acres
Days on Market203
Property Features for 931 Amboy Ave
General Information
Standard status
Pending
Size
2,200 SF
Lot size
0.23 Acres
Property subtype
Commercial
Building Details
Year Built
9999
Listing Agency:
COLDWELL BANKER REALTY
(908) 233-5555
Listed By:
JOHN CLARK WILEY
Source:
Corcoran
Added: Jan 6
Changed: Jul 6
Last Checked: Jul 23 at 7:02AM
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
Investment Insights
Based on property information with market context.
This two-unit retail building is located on a corner lot in the Clara Barton section and includes a private parking lot. Each unit offers 1,100 square feet of space, totaling 2,200 square feet for the entire building. Unit 1 is currently configured as a salon, featuring eight stations, four sinks, a wax room, and a lavatory. Unit 2 is presently vacant but was formerly a cafe. This space includes a kitchen area, an open dining area, and a lavatory. The property sits on a quarter-acre square lot, enhanced by a front patio area and a flower bed with a free-standing sign. The parking lot has been newly paved and accommodates 14 cars. Additional upgrades include a new hot water heater and a new HVAC system. The location provides convenient access to major highways, including the Parkway, Route 1, 27, and 278.
Key Highlights
- Prime retail location in the Clara Barton section.
- Private parking lot with 14 spaces (newly paved).
- Two 1,100 sq ft units.
Financial Insights For Specialty Retail
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 | $50.2k | $22.80 |
| − Vacancy | −$3.3k | −$1.48 |
| EGI | $46.9k | $21.32 |
| − OpEx | −$11.7k | −$5.33 |
| NOI | $35.2k | $15.99 |
2,200 SF · lease $22.80/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$502.5K
$439.7K – $586.3K
NOI $35,175 @ 7.0% cap · market cap 3.91%
Second Best
Retail
$439.6K
$384.6K – $512.8K
NOI $30,769 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$713.0K
$623.9K – $831.9K
NOI $49,911 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Two-unit retail building with parking in Clara Barton section.
Where is this retail space located?
The property is located at 931 Amboy Ave Edison, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime retail location in the Clara Barton section.; Private parking lot with 14 spaces (newly paved).; Two 1,100 sq ft units.
