Property profile

381-387 Avenel St Woodbridge Township, NJ 07001

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional commercial property at 381-387 Avenel Street #3 in Woodbridge Township, New Jersey, presents a unique investment opportunity. The property consists of a single-tenant, 3,000 square foot retail space situated on a 0.124-acre lot. Currently operating as a well-established deli and restaurant, this turnkey business boasts a 25-year history of serving the local community. The sale includes all existing equipment, allowing for immediate operation. The space features a 16-foot hood and exhaust system, a 5-foot grill, a 5-foot fryer/stove/oven, and seating for 48 patrons. The business generates $150,000 in annual revenue and is offered with a transferable lease. The property is zoned B-1 and has a single story building with no on-site parking. The property's address is 381-387 Avenel Street #3, Avenel, NJ 07001, and its APN is 250082100000000101. This is an ideal opportunity for an experienced restaurateur or investor seeking a profitable, established business with significant growth potential. The property's location in Woodbridge Township provides easy access to a dense residential area and high foot traffic. This turnkey operation minimizes start-up costs and allows for immediate revenue generation.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

381-387 Avenel St Woodbridge Township, NJ 07001
Woodbridge Township metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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