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Property profile & analytics
OFF-MARKET
Individual retail properties

231 Sanford St East Orange, NJ 07018-1121

2,337 SF 0.13 ac lot Built 1964
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US59-0521141
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Individual retail properties
Use group DRY CLEANER
Year built 1964
Total area 2,337 SF
Lot 0.13 ac (5,502 SF)
APN 05 00761-0000-00016- 03
UPID US59-0521141
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
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Blend (final) Blend
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Owner & transaction history
Kims Property LLC · 17 yrs held
Kims Property LLC
since 2009
1 recorded transaction
2009
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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