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337-347 Madison Ave
Perth Amboy, NJ 08861
Perth Amboy Retail · Retail Property For Sale
Investment Highlights
- +/-30,450 SF Mixed Use Office & Retail Building on +/-.8139 AC
- As construction progresses and new businesses open their doors, residents and visitors alike are beginning to see the impact of these changes
- One of the most ambitious efforts is the $110 million Gateway Redevelopment Project, a nine-acre mixed-use development at the intersection of Smith St
- The property’s location allows employees immediate access to many amenities, retail and restaurant options, and ease of access from anywhere in Perth.
Executive Summary
In collaboration with Keep Middlesex Moving, the city is also launching a pedestrian safety campaign, which includes crosswalk art and “complete streets” designs to
improve walkability and reduce traffic-related accidents. These enhancements are part of a broader strategy to make Perth Amboy a more equitable and accessible city for all.
As Perth Amboy continues to evolve, its transit arteries are being reimagined not just as conduits for movement, but as vital components of community development and
urban renewal.
The subject property comprises seven contiguous rectangular parcels, totaling approximately 0.81 acres in the heart of Perth Amboy, NJ. Situated on this assemblage is a
30,450-square-foot mixed-use building, which spans two floors and a basement in its southerly section, and a single-story retail wing to the north. According to records from
the City of Perth Amboy Department of Assessment, the original southerly portion of the building was constructed circa 1930, reflecting the architectural character of the era.
The northerly retail section, added in 2008, offers modern storefronts and enhanced street-level visibility. The building occupies the majority of the site and is bordered by
municipal walkways and public right-of-ways, providing excellent pedestrian access and visibility. This configuration supports both commercial and institutional uses,
making it a strategic asset in a tightly held submarket with limited development pipeline.
The historic downtown district of Perth Amboy is experiencing a dynamic transformation, as city officials and local businesses work together to revitalize the area’s retail and
cultural landscape. Centered around Smith Street, the city’s main commercial corridor, downtown Perth Amboy has long been home to a diverse mix of family-owned shops,
ethnic restaurants, and specialty stores. Now, with new investments and development projects underway, the district is poised to become a regional destination for shopping,
dining, and entertainment.
improve walkability and reduce traffic-related accidents. These enhancements are part of a broader strategy to make Perth Amboy a more equitable and accessible city for all.
As Perth Amboy continues to evolve, its transit arteries are being reimagined not just as conduits for movement, but as vital components of community development and
urban renewal.
The subject property comprises seven contiguous rectangular parcels, totaling approximately 0.81 acres in the heart of Perth Amboy, NJ. Situated on this assemblage is a
30,450-square-foot mixed-use building, which spans two floors and a basement in its southerly section, and a single-story retail wing to the north. According to records from
the City of Perth Amboy Department of Assessment, the original southerly portion of the building was constructed circa 1930, reflecting the architectural character of the era.
The northerly retail section, added in 2008, offers modern storefronts and enhanced street-level visibility. The building occupies the majority of the site and is bordered by
municipal walkways and public right-of-ways, providing excellent pedestrian access and visibility. This configuration supports both commercial and institutional uses,
making it a strategic asset in a tightly held submarket with limited development pipeline.
The historic downtown district of Perth Amboy is experiencing a dynamic transformation, as city officials and local businesses work together to revitalize the area’s retail and
cultural landscape. Centered around Smith Street, the city’s main commercial corridor, downtown Perth Amboy has long been home to a diverse mix of family-owned shops,
ethnic restaurants, and specialty stores. Now, with new investments and development projects underway, the district is poised to become a regional destination for shopping,
dining, and entertainment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,434 SF
Building Class
B
Year Built
2007
NOI
$545,697
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
C-2
Frontage
125’ on Madison Ave
Amenities
- Smoke Detector
Property Taxes
| Parcel Number | 16-00123-0000-00022-01 | Improvements Assessment | $638,200 |
| Land Assessment | $516,700 | Total Assessment | $1,154,900 |
Property Taxes
Parcel Number
16-00123-0000-00022-01
Land Assessment
$516,700
Improvements Assessment
$638,200
Total Assessment
$1,154,900
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