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2070-2078 State Route 35, South Amboy, NJ 08879 7,900 SF 100% Leased Retail Building South Amboy, NJ 08879 $5,000,000 ($632.91/SF) 5% Cap Rate
Investment Highlights
- Heavily Trafficked road
- Cell tower on Property
- 2 Buildable acres
Executive Summary
Exceptional 5-acre income-producing property Zoned (TOWING AUTOMOTIVE BODY)located at 2070-2078 South Amboy Road, offering a rare blend of residential, commercial, and development potential. The site features two single-family homes, a fully operational auto body shop generating $17,800/month, and a cell tower providing an additional $2,800/month in passive income. The residences contribute $6,000/month, bringing strong in-place cash flow. With approximately 2 buildable acres, this property presents significant upside for future development or expansion. Strategically positioned near the Port of Newark, major highways, and key transportation routes, this is a prime opportunity for investors, developers, or owner-users seeking both immediate income and long-term value.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,900 SF
Building Class
C
Year Built
1935
Price
$5,000,000
Price Per SF
$632.91
Cap Rate
5%
NOI
$250,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
4.53 AC
Zoning
B3 - Sayreville B-3: https://www.sayreville.com/FCpdf/Zoning%20Use%20Regulations.pdf
South Amboy B-2: https://ecode360.com/36481666
Frontage
101’ on NJ-35
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $286,800 | |
| Land Assessment | $348,100 | Total Assessment | $634,900 |
Property Taxes
Parcel Numbers
Land Assessment
$348,100
Improvements Assessment
$286,800
Total Assessment
$634,900
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2070-2078 State Route 35, South Amboy, NJ 08879
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