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663 Brace Ave Perth Amboy, NJ 08861-3027

OFF-MARKET Office buildings Google Maps
2,964 SF 0.11 ac lot Built 1960
Individually Owned 18-yr Hold Free & Clear
Estimated value (blended)
$355k
Range $320k – $391k (±10%)
Property ID US59-2172357

Property summary

AI-generated overview

This exceptional 2,964 square foot commercial property at 663 Brace Avenue presents a unique opportunity for a variety of businesses. The single-tenant space boasts a fully renovated interior with modern finishes, creating a professional and inviting atmosphere. A highlight is the inclusion of all utilities in the lease, minimizing operational costs. The layout features a large private office complete with its own private bathroom, providing a high level of privacy and convenience. In addition to the private office, there's an open space ideal for various business needs. A private entrance and an additional bathroom within the unit enhance the functionality and comfort. A small outdoor area provides space for a few waiting chairs. The property is zoned R-50, allowing for a range of uses, including medical practices. This makes it perfect for a medical spa, esthetician, physician, therapist, accountant, attorney, photographer, real estate team, mortgage broker, or any small online business seeking a professional physical address. The property sits on a 0.107-square-foot lot and is a single-story building. A minimum one-year lease is required. This is a fantastic opportunity to secure a well-appointed, conveniently located commercial space at a competitive price.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction BRICK
Total area 2,964 SF
Lot 0.11 ac (4,661 SF)
Zoning code R-50
APN 16 00190- 07-00001
UPID US59-2172357

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$745k
Comparable Approach Comparable
$524k
Blend (final) Blend
$355k

Owner & transaction history

since 2007
2 recorded transactions
2007
Price N/A
1969
Price N/A

Zoning & alternative use

R-50 · Perth Amboy, NJ
Zoning description

f Area, Yard and Building Requirements. § 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…

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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