2 Clinton St 1 Newton, NJ 07860
For Sale
1 / 8
Excellent owner-user investment opportunity to acquire Lynn Cleaners, a highly profitable 30-year established dry cleaning plant in Newton, NJ, featuring a freestanding 4,000 SF building on a 5,000 SF lot. Generating a strong $150K net income with a 60LB Unisec Hydro Carbon machine, 12 shirt units, ... 12 utility presses, and a 20 HP boiler. Flexible purchasing paths available: OPTION 1) Complete package (Property + Business) for $800,000 with rare Owner Financing available to qualified buyers, OR OPTION 2) Turn-key Business Only for $200,000 with a stable new commercial lease at $4,500/month. Turn-key plant with immediate cash flow
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.