310 Fayette St, Perth Amboy, NJ 08861-4019

This exceptional investment opportunity presents a steel-structured garage spanning approximately 2300 square feet, situated on a high-traffic street in Perth Amboy, New Jersey. The property, located at 310 Fayette Street, features a brick exterior and shingle roof, and is comprised of three bays. One bay and a separate office space on the left side of the property are currently occupied by the owner. The right side, encompassing two bays, is leased to an auto repair business at a monthly rental rate of $2700, with approximately one year remaining on the current lease. The property includes one electric meter, one gas meter, and one water meter, along with a shared bathroom for both occupants. Built in 1920, this single-story structure sits on a 0.06-square-foot lot. The asking price is $715,000. Showings are strictly by appointment only. This property offers a compelling blend of existing rental income and potential for future development or expansion within a vibrant commercial area. The property's strategic location and established tenancy make it an attractive investment prospect. Serious inquiries only.