428 Fayette St Perth Amboy, NJ 08861
- Commercial real estate
- 7,071 SF
- 0.14 lot acres
Current Use by Public Records
- Tradex Wholesale / Wholesale Food Store / Wholesale Grocer
- Distribuidora Cibao Corp. / Food Products Supplier
Property Details for 428 Fayette St
- Year built
- 1988
- Lot size
- 0.14 lot acres
- Property size
- 7,071 SF
- Zone code
- R-25
- Property type
- Commercial real estate
- APN
- 16 00106- 01-00012
- APU
- 16001060100012
Description
This exceptional commercial land parcel, located at 428 SE Fayette Street, presents a unique investment opportunity. The property encompasses 1,200 square feet and is zoned R C, offering significant potential for various commercial ventures. Currently designated as single-tenant occupancy, this lot provides flexibility for a wide range of businesses. The property features a two-story structure, although the building's interior is not included in the sale and is considered to be in need of significant renovation or demolition. There are no parking spaces included on the property. Importantly, the tenant is responsible for all utilities, including electricity and gas, as well as insurance, maintenance, and garbage removal. This translates to minimal ongoing expenses for the property owner. The absence of existing building improvements allows for complete customization to suit a specific business plan. The property's APN is 16001060100012. This is a rare chance to acquire a strategically located commercial lot with the potential for substantial return on investment. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,210,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,180,000
- 6.5%
- $1,165,000
- 7%
- $1,055,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $985,000
- Geo Method
- $1,235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,195,000
- Retail
- $1,015,000
- Mixed-Use
- $1,095,000
- Hospitality
- $885,000
- Educational
- $1,100,000
- Residential Income
- $920,000
- Energy
- $1,115,000
- Income-Based Land
- $955,000
- Food Service
- $1,180,000
Location Insight
- Map
- Local Demand
- City
- Perth Amboy
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.2804
- Latitude
- 40.5142
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
