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- LoopNet Team
532 Monroe St
Hoboken, NJ 07030
Retail condo sale with high income Drop shop. · Retail Property For Sale
Investment Highlights
- Solid investment: Business and building together.
Executive Summary
Great chance to own the business(Easy to run as absentee owner) and building, Prime location. First floor Unit C retail condo for sale including the Drop shop. Owner retiring, he makes gross income per year $ 160,000 after all expense. If new owner runs the business themselves, Cap rate will be 10% plus. Can be a NNN rental income property as an investment if the buyer/broker put another tenants. 3 blocks away from the Light rail and close to bus stop. Free standing on the corner lot. If interested, please text or email broker for the showing. Only for the qualified buyers with proof of funds to show at the meeting. Principals only.
Property Facts
| Property Type | Retail | No. Stories | 5 |
| Property Subtype | Year Built | 2006 | |
| Building Class | B | Tenancy | Single |
| Lot Size | 0.03 AC | Clear Ceiling Height | 9’ |
| Gross Leasable Area | 8,882 SF | ||
| Zoning | R-3 - Mixed Use | ||
| Property Type | Retail |
| Property Subtype | |
| Building Class | B |
| Lot Size | 0.03 AC |
| Gross Leasable Area | 8,882 SF |
| No. Stories | 5 |
| Year Built | 2006 |
| Tenancy | Single |
| Clear Ceiling Height | 9’ |
| Zoning | R-3 - Mixed Use |
Amenities
- Bus Line
- Commuter Rail
- Corner Lot
- Courtyard
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
