310 Fayette StPerth Amboy, NJ 08861

Property Details for 310 Fayette St

Year built

1920

Construction

CONCRETE BLOCKS

Lot size

0.06 AC

Property size (Sq ft)

2,258 SF

Zone code

C-1

Property type

Other commercial real estate

APN

16 00159-0000-00001- 01

APU

160015900000000101

Description

This exceptional investment opportunity presents a steel-structured garage spanning approximately 2300 square feet, situated on a high-traffic street in Perth Amboy, New Jersey. The property, located at 310 Fayette Street, features a brick exterior and shingle roof, and is comprised of three bays. One bay and a separate office space on the left side of the property are currently occupied by the owner. The right side, encompassing two bays, is leased to an auto repair business at a monthly rental rate of $2700, with approximately one year remaining on the current lease. The property includes one electric meter, one gas meter, and one water meter, along with a shared bathroom for both occupants. Built in 1920, this single-story structure sits on a 0.06-square-foot lot. The asking price is $715,000. Showings are strictly by appointment only. This property offers a compelling blend of existing rental income and potential for future development or expansion within a vibrant commercial area. The property's strategic location and established tenancy make it an attractive investment prospect. Serious inquiries only.

Location Insight

City

Perth Amboy

County

Middlesex

State

New Jersey

Latitude

40.5128

Longitude

-74.2753

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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