630 Florida Grove Rd - Multi-Family FOR SALE


Perth Amboy, NJ 08861
$1,150,000 USD
973-980-1308
630 Florida Grove Rd, Perth Amboy, NJ for Sale
$1,150,000 USD
Multi-Family - FOR SALE
1/35
null | 6.8% Cap Rate

630 Florida Grove Rd
Perth Amboy, NJ 08861


HIGHLIGHTS

  • Corner lot

OVERVIEW

Prime mixed use opportunity on a highly visible corner lot totaling 10,454 sq ft. This unique property features two separate buildings offering both commercial and residential income potential. All utilities are separate, making this an efficient and attractive investment. The front building includes a retail space operating as a flower shop (Vollmann's Florist & Greenhouses) complete with an attached greenhouse, ideal for continued retail use or conversion to suit a variety of business types. This commercial unit will be delivered vacant, providing immediate flexibility for an owner user or investor. The first building also includes two studio apartments. The second building on the lot consists of two studio apartments and is complemented by a private driveway with parking for two vehicles. The expansive corner lot presents strong upside potential for future development, expansion, or reconfiguration (buyer to perform due diligence). Ideal for investors or owner operators seeking a versatile asset with multiple income streams.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

5

PRICE/UNIT

$230,000

CAP RATE

6.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

630 S Florida Grove Rd, Perth Amboy, NJ 08861

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R-60

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Nekita MartinsVerified HomesMore Info
973-980-1308

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Nekita MartinsVerified HomesMore Info
973-980-1308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.