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528 Ridgeway Ave 2,271 SF 100% Leased Retail Building South Amboy, NJ 08879 $579,900 ($255.35/SF)
Investment Highlights
- Mixed-Use
- Newly Renovated
- Restaurant & Apartment Above It
- Residential Neighborhood
Executive Summary
A truly unique mixed-use opportunity in South Amboy! Formerly home to the well-known Double Dyme Tavern, the building features a commercial kitchen, distinctive bar area, exposed brick, rustic finishes, multiple service and food-preparation areas, and direct access to the outdoor deck. The restaurant space is currently leased to a food truck company that uses the property to prepare and cook food before loading its trucks for various events. Above the restaurant, a separately accessed residential apartment is currently tenant-occupied and offers an updated kitchen, comfortable living area, two bedrooms, a modern bath, in-unit laundry, and abundant natural light. An appealing opportunity for an investor or owner-user seeking both commercial and residential income potential. Any future use is subject to applicable municipal approvals, zoning requirements, licensing, and certificates of occupancy; buyers should independently verify all permitted uses with the City of South Amboy. The property is being sold without a liquor license. Call Listing Agent Brooke Boniakowski with any questions at (201) 213-5221.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,271 SF
Building Class
B
Year Built/Renovated
1900/2015
Price
$579,900
Price Per SF
$255.35
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.15 AC
Zoning
RA
Parking
6 Spaces (2.64 Spaces per 1,000 SF Leased)
Frontage
54’ on Ridgeway Ave
Amenities
- Restaurant
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-00149-0000-00013 | Improvements Assessment | $112,700 |
| Land Assessment | $128,000 | Total Assessment | $240,700 |
Property Taxes
Parcel Number
20-00149-0000-00013
Land Assessment
$128,000
Improvements Assessment
$112,700
Total Assessment
$240,700
Contacts
-
Joseph Boniakowski -
Brooke Boniakowski -
Boniakowski Commercial Real Estate Group
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