231 Sanford St East Orange, NJ 07018-1121
This exceptional 3,200 square foot storefront, located at 231 Sanford St in East Orange, NJ 07018, presents a unique owner-user opportunity. Built in 2007 and renovated in 2009, this single-story building sits on a 0.13-acre lot and boasts 12 parking spaces, ensuring ample customer convenience. The property is zoned R-2 and offers excellent visibility on a high-traffic street, contributing to a strong income stream exceeding $420,000 annually. Currently operating as a successful dry cleaner with a loyal customer base, this turnkey business is being sold with the real estate. The sale includes both the building and the established business, providing a seamless transition for the new owner. The seller is retiring, creating a rare chance to acquire a profitable, established business with significant growth potential. Additional income streams could be developed through expanded services like pickup and delivery. The asking price is $1,080,000, representing a price per square foot of $337.50. This is an exceptional opportunity for an entrepreneur seeking a profitable, established business in a prime location. The business alone is available for $350,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.