Restaurant Space with Outdoor
For Sale
Contact for pricing
A-131 N Broadway, South Amboy, NJ 08879
Former restaurant space includes kitchen infrastructure, abundant windows, and two bathrooms.
Property Size2,400 SF
Price / SF$2.08
Days on Market840
Property Features for A-131 N Broadway
General Information
Standard status
Active
Size
2,400 SF
Restaurant
Grease Trap
Yes
Patio
Yes
Liquor License
No
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,919
Listing Agency:
UNITED NATIONAL REALTY GROUP
(718) 979-8000
Listed By:
MICHAEL DUKHOVNY
Source:
Exprealty
Added: Jul 1, 2024
Changed: Oct 4
Last Checked: Oct 16 at 1:27PM
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 UNITED NATIONAL REALTY GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,400-property-size restaurant space includes existing kitchen hookups, a grease trap, an open layout with extensive windows, an outdoor seating area, and two bathrooms. The configuration reflects its prior restaurant use while allowing the space to support other commercial operations.
Positioned at A-131 N Broadway in South Amboy, the property is immediately adjacent to a commuter rail station and surrounded by businesses and multiple housing developments. The avenue carries substantial vehicle and pedestrian activity. Additional space may be available on the floors above for expanded operations or private event rooms. A liquor license for full consumption and sales may also be purchased from the landlord.
Positioned at A-131 N Broadway in South Amboy, the property is immediately adjacent to a commuter rail station and surrounded by businesses and multiple housing developments. The avenue carries substantial vehicle and pedestrian activity. Additional space may be available on the floors above for expanded operations or private event rooms. A liquor license for full consumption and sales may also be purchased from the landlord.
Key Highlights
- 2,400 property size
- Existing kitchen hookups and grease trap
- Outdoor seating area with extensive windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,256
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,120
$685.1K
Cap Rate 7%
$489,371
$489.4K
Cap Rate 9%
$380,622
$380.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$51.8K $21.60/SF
− Vacancy
−$2.9K −$1.21/SF
EGI
$48.9K $20.39/SF
− OpEx
−$14.7K −$6.12/SF
NOI
$34.3K $14.27/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,120
Cap Rate 7%
$489,371
Cap Rate 9%
$380,622
Alternative Uses
Best Use
Specialty Retail
$524.3K
$458.8K – $611.7K
NOI $36,703 @ 7.0% cap · market cap 734.06%
Second Best
Retail
$489.4K
$428.2K – $570.9K
NOI $34,256 @ 7.0% cap · market cap 685.12%
Theoretical Best
Office A
$626.7K
$548.4K – $731.1K
NOI $43,868 @ 7.0% cap · market cap 877.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08879, NJ
22,965
Population
9,737
Households
2.4
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
3,235
Density / Sq Mi
$98,000
Median Household Income
$57,998
Median Earnings
$1,633
Median Rent
$377,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant space includes kitchen infrastructure, abundant windows, and two bathrooms.
Where is this conventional restaurant located?
The property is located at A-131 N Broadway South Amboy, NJ.
What are key features of this property?
This property features: 2,400 property size; Existing kitchen hookups and grease trap; Outdoor seating area with extensive windows
