197-199 Madison Ave Perth Amboy, NJ 08861
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 197-199 Madison Ave
- Year built
- 1917
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional commercial property at 197-199 Madison Avenue, Perth Amboy, NJ 08861, presents a rare opportunity for investors. The 0.077-square-foot lot houses a thriving grocery store and a well-established laundromat, both operating successfully for over 40 years. The grocery store boasts a loyal customer base, modern equipment (included in the sale), and ample parking. Its spacious layout includes refrigeration units and a deli counter, with potential for expansion into local produce or online delivery services. The laundromat features 15 washers and 19 dryers, including high-efficiency models, and offers additional revenue potential through expanded services or hours. Built in 1917, this single-story building is situated in a densely populated area with high foot traffic and excellent visibility, offering convenient access to major highways, schools, parks, and public transportation. The property's consistent performance and multiple income streams make it a compelling investment, priced at $750,000. The seller is motivated, and the property is being sold "AS IS". This is a chance to acquire a proven, profitable business with significant long-term growth potential. The combined revenue potential of these two established businesses offers a strong return on investment. This is a turnkey operation ready for a new owner to step in and continue the success.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Perth Amboy
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.2719
- Latitude
- 40.5061
