310 Fayette StPerth Amboy, NJ 08861

For Sale
$715,000

High-traffic location, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a steel-structured garage spanning approximately 2300 square feet, situated on a high-traffic street in Perth Amboy, New Jersey. The property, located at 310 Fayette Street, features a brick exterior and shingle roof, and is comprised of three bays. One bay and a separate office space on the left side of the property are currently occupied by the owner. The right side, encompassing two bays, is leased to an auto repair business at a monthly rental rate of $2700, with approximately one year remaining on the current lease. The property includes one electric meter, one gas meter, and one water meter, along with a shared bathroom for both occupants. Built in 1920, this single-story structure sits on a 0.06-square-foot lot. The asking price is $715,000. Showings are strictly by appointment only. This property offers a compelling blend of existing rental income and potential for future development or expansion within a vibrant commercial area. The property's strategic location and established tenancy make it an attractive investment prospect. Serious inquiries only.

Highlights

  • $715,000 asking price.
  • Land, special purpose property with garage/parking subtype.
  • Located at 310 Fayette Street, Perth Amboy, NJ 08861.
  • Approximately 2300 sq ft steel structure garage with brick exterior and shingle roof.
  • Three bays total; one bay with separate office occupied by owner, two bays rented to auto repair for $2700/month (approx. 1 year remaining on lease).

Property Details for 310 Fayette St

Property type
Other specialty properties, Automotive properties
Year Built
1920
Stories
1

Location Insight

City
Perth Amboy
County
Middlesex
State
New Jersey
Latitude
40.512799
Longitude
-74.2752205
310 Fayette St, Perth Amboy, New Jersey

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310 Fayette St
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