Current Use by Public Records
- Retail properties & Spaces
Property Details for 6056 Nj-35
- Year built
- 1955
- Lot size
- 2.41 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Industrial properties
Description
This exceptional 5,000-square-foot Class B industrial property, situated on a 2.41-acre lot in South Amboy, New Jersey, presents a compelling investment opportunity. Boasting 400+ feet of highway frontage on Route 35, this location benefits from high visibility and significant daily traffic volume (35,000 cars). The property includes a single-story building constructed in 1955, featuring five dock-high doors, four private offices, and an open layout suitable for various retail uses. The zoning is B-3 Commercial, allowing for a wide range of uses. The property's ample space can accommodate approximately 175 trucks, and the four-bay garage can service six cars simultaneously. The asking price is $6,000,000, representing a pro-forma cap rate of 11.20% and a pro-forma NOI of $672,096. The land value alone is substantial, at $2,489,626 per acre. The property consists of two lots (0.56 acres and 1.85 acres) and has a fee-simple ownership. Its convenient location offers easy access to the Garden State Parkway, Route 9, and Route 287. This property is ideal for investors seeking high-traffic exposure and significant return on investment. Please verify zoning details with the appropriate authorities. The property's address is 6056 NJ-35, South Amboy, NJ 08879. APN: 1219_295_1.01, 1219_295__4, 1219_295_3, 1219_292.03_3.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Amboy
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.2973
- Latitude
- 40.4856
