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Property profile & analytics
FOR SALE
Storefront properties

2 Clinton St 1 Newton, NJ 07860

3,800 SF Built 1940
Property ID
US59-Q008614
Property summary
AI-generated overview

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

Property profile
Verified
Property type Storefront properties
Year built 1940
Total area 3,800 SF
UPID US59-Q008614
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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