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228 Hall Ave Perth Amboy, NJ 08861-2840

OFF-MARKET Commercial real estate Google Maps
2,977 SF 0.06 ac lot Built 1900
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$390k
Range $351k – $429k (±10%)
Property ID US59-3149525

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction BRICK
Total area 2,977 SF
Lot 0.06 ac (2,500 SF)
Zoning code R-25
APN 16 00345-0000-00007
UPID US59-3149525

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2024
Last sale
$390,000
6 recorded transactions
2024
$390,000
2022
Price N/A
2022
$244,000
2017
Price N/A
2004
$275,000
1969
Price N/A

Zoning & alternative use

R-25 · Perth Amboy, NJ
Zoning description

ements. § 430-10 Effect of establishment of zoning districts. § 430-11 Description of zoning districts. § 430-12 Purpose of residential districts. § 430-13 R-60 Residential Zone. § 430-14 R-50 Residential Zone. § 430-15…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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