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615 3rd Ave 3,711 SF Retail Building Alpha, NJ 08865 $750,000 ($202.10/SF) 6.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Full Commercial Kitchen
- 2nd floor w/ separate entrance can be leased separately
- Free Standing
EXECUTIVE SUMMARY
**Exciting Commercial Space for Sale – Prime Location!**
Looking for the perfect space to launch your business? This *incredible* property has it all! Situated in a highly **convenient corner location**, this expansive commercial building features a **large retail space** with unmatched visibility and easy access for both customers and deliveries.
**Key Features:**
- **Massive Commercial Kitchen**: Fully equipped and ready to go with top-of-the-line appliances, including a *Blodgett convection ovens*, *Hoshizaki ice maker*, *6-burner stove*, *deep fryers*, and more. Whether you're running a restaurant, catering business, or food service operation, this kitchen is a dream come true!
- **Separate Second-Floor Storage Area**: A large and private storage space on the second floor that’s completely separated from the main retail area, offering you the ideal solution for inventory or additional business needs.
- **Drive-In Loading Dock**: Easy access for deliveries with a convenient drive-in loading dock, making logistics a breeze for your operation.
- **Off-Street Parking**: Parking spaces for customers, staff, and delivery trucks.
- **Automatic Generator**: Never worry about downtime with a reliable automatic generator keeping your business running smoothly, even during power outages.
This **prime commercial space** offers endless possibilities with its amazing amenities and unbeatable location. Ready to take your business to the next level? Schedule a tour today and see for yourself what makes this space stand out!
Currently, a lease is in place for the retail/kitchen (1st Floor). The tenant is open to discussions about possible early termination.
Please do not go without our agent, Please do NOT disturb the tenant.
Looking for the perfect space to launch your business? This *incredible* property has it all! Situated in a highly **convenient corner location**, this expansive commercial building features a **large retail space** with unmatched visibility and easy access for both customers and deliveries.
**Key Features:**
- **Massive Commercial Kitchen**: Fully equipped and ready to go with top-of-the-line appliances, including a *Blodgett convection ovens*, *Hoshizaki ice maker*, *6-burner stove*, *deep fryers*, and more. Whether you're running a restaurant, catering business, or food service operation, this kitchen is a dream come true!
- **Separate Second-Floor Storage Area**: A large and private storage space on the second floor that’s completely separated from the main retail area, offering you the ideal solution for inventory or additional business needs.
- **Drive-In Loading Dock**: Easy access for deliveries with a convenient drive-in loading dock, making logistics a breeze for your operation.
- **Off-Street Parking**: Parking spaces for customers, staff, and delivery trucks.
- **Automatic Generator**: Never worry about downtime with a reliable automatic generator keeping your business running smoothly, even during power outages.
This **prime commercial space** offers endless possibilities with its amazing amenities and unbeatable location. Ready to take your business to the next level? Schedule a tour today and see for yourself what makes this space stand out!
Currently, a lease is in place for the retail/kitchen (1st Floor). The tenant is open to discussions about possible early termination.
Please do not go without our agent, Please do NOT disturb the tenant.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$60,360
|
$16.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,360
|
$16.27
|
| Taxes |
$8,788
|
$2.37
|
| Operating Expenses |
$2,000
|
$0.54
|
| Total Expenses |
$10,788
|
$2.91
|
| Net Operating Income |
$49,572
|
$13.36
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $60,360 |
| Annual Per SF | $16.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $60,360 |
| Annual Per SF | $16.27 |
| Taxes | |
|---|---|
| Annual | $8,788 |
| Annual Per SF | $2.37 |
| Operating Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $0.54 |
| Total Expenses | |
|---|---|
| Annual | $10,788 |
| Annual Per SF | $2.91 |
| Net Operating Income | |
|---|---|
| Annual | $49,572 |
| Annual Per SF | $13.36 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,711 SF
Building Class
C
Year Built/Renovated
1940/2017
Price
$750,000
Price Per SF
$202.10
Cap Rate
6.60%
NOI
$49,500
Tenancy
Single
Building Height
2 Stories
Building FAR
0.57
Lot Size
0.15 AC
Zoning
B-2 - Business
Parking
8 Spaces (2.16 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Roof Terrace
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Eatery 519 LLC
- Accommodation and Food Services
- 1,851 SF
- -
- Plus Utilities
- Oct 2029
- Okaysions Katering & Fresh Market
- Accommodation and Food Services
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Eatery 519 LLC | Accommodation and Food Services | 1,851 SF | - | Plus Utilities | Oct 2029 | |
| Okaysions Katering & Fresh Market | Accommodation and Food Services | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-00060-01-00001 | Total Assessment | $254,300 (2025) |
| Land Assessment | $94,300 (2025) | Annual Taxes | $8,788 ($2.37/SF) |
| Improvements Assessment | $160,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02-00060-01-00001
Land Assessment
$94,300 (2025)
Improvements Assessment
$160,000 (2025)
Total Assessment
$254,300 (2025)
Annual Taxes
$8,788 ($2.37/SF)
Tax Year
2024
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