222 Broad St Gibbstown, NJ 08027-1165
This exceptional retail opportunity presents 4,050 square feet of commercial space at 222 W Broad Street in Gibbstown, New Jersey. Located on a highly visible section of Broad Street, this property offers significant potential for a variety of businesses. The building, currently configured as a TV repair shop (operating for 35 years), occupies the left half of a larger structure. The right side is independently owned and operated as a daycare center and is not included in this sale. This presents a unique chance to establish a business in a vibrant area experiencing revitalization. Across the street, renovations are underway for a new Ciconte's pizza location, further enhancing the area's appeal and foot traffic. A key feature of this property is a full-length basement, providing ample storage space or the possibility for expansion. Additionally, a sizable yard at the rear of the building offers further flexibility and potential uses. The 0.09-acre lot provides convenient access and ample space for customers and deliveries. This property is priced at $125,000 and represents a compelling investment opportunity for an entrepreneur seeking a well-located, established space with significant upside potential. The property's history and existing infrastructure provide a solid foundation for a new business venture.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.