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Property profile & analytics

228 Hall Ave Perth Amboy, NJ 08861

  • Commercial real estate
  • 2,977 SF
  • 0.06 lot acres
For Lease
Last Sale
Apr 25, 2024
$390,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US59-3149525
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 228 Hall Ave

Year built
1900
Construction
BRICK
Lot size
0.06 lot acres
Property size
2,977 SF
Zone code
R-25
Property type
Commercial real estate
APN
16 00345-0000-00007
APU
1600345000000007

Description

This exceptional commercial land parcel, located at 228 Hall Avenue, presents a unique investment opportunity. The 2,977 square foot lot is zoned R-25 and offers high visibility and exposure to significant commuter foot traffic. Its strategic location places it within one block of Perth Amboy High School, Edward J. Patten School, and Ignacio Cruz Early Childhood Center, ensuring consistent pedestrian activity. The property's versatility makes it ideal for a variety of businesses, including a nail salon, barbershop, retail store, or bar/cafe restaurant. The existing two-story building features a newer central air conditioning unit. Convenient access to major transportation routes and highways further enhances its appeal. The property's single-tenant occupancy simplifies management, and the 0.068-acre lot size provides ample space for development or expansion. The parcel's APN is 1600345000000007. This is a rare opportunity to acquire a well-situated commercial property in a thriving area with excellent potential for growth and return on investment. There are no parking spaces on the property.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Perth Amboy
County
Middlesex
State
New Jersey
Longitude
-74.2675
Latitude
40.52
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,330
$130,000
$150,000
$280,000
-
$130,000
$150,000
$280,000
More about this property
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