8 Ft Lee Rd Bogota, NJ 07603-1323
- Commercial real estate
- 0.04 lot acres
Current Use by Public Records
- Megha Liquor & Grocery / Convenience Store / Liquor Store
- ATM / Atm
Property Details for 8 Ft Lee Rd
- Year built
- 1920
- Construction
- BRICK
- Lot size
- 0.04 lot acres
- Zone code
- B2
- Property type
- Commercial real estate
- APN
- 04 00045-0000-00002
- APU
- 400045000000002
Description
This exceptional business opportunity in Bogota, NJ, presents a chance to acquire a well-established and profitable enterprise. Located on East Fort Lee Road, this combined liquor store, lotto-convenience store boasts a strong customer base and consistent annual net revenue of approximately $125,000. The sale includes a valuable liquor license, a significant asset contributing to the business's success. The property itself offers ample storage space with a 1,200 square foot basement. The business is situated in a high-traffic area, ensuring consistent customer flow. This turnkey operation is ready for a new owner to step in and continue its success. Note that the inventory will be sold separately. While the property does not have heating, the strong revenue stream more than compensates for this aspect. This is a rare opportunity to own a profitable business with established clientele and significant earning potential. Serious inquiries only. The asking price is $250,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $165,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $170,000
- 6.5%
- $175,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $155,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $175,000
- Retail
- $180,000
- Mixed-Use
- $140,000
- Hospitality
- $145,000
- Educational
- $140,000
- Residential Income
- $175,000
- Energy
- $140,000
- Income-Based Land
- $135,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Bogota
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.0288
- Latitude
- 40.8757
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
