2078 HwySouth Amboy, NJ 08879

For Sale
$4,500,000

Six-parcel commercial property, fully rented.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity encompasses six parcels totaling approximately four acres on Highway 35 in Sayreville, New Jersey (zip code 08879), and South Amboy, NJ. The portfolio includes a fully rented auto repair shop, a renovated three-bedroom Cape Cod home with a full basement, a three-bedroom brick ranch with a full basement, and a two-bay garage featuring two 13-foot doors, ideal for trucks. Additionally, the property boasts a 2.45-acre vacant lot and a 109x138 foot vacant land parcel, along with a paint shop. A cell tower with an existing lease contributes to the substantial rental income, currently generating approximately $300,000 annually. Concept plans for a 48-unit building on 2.5 acres are available. The property benefits from a convenient location, offering easy access to major roadways including the Driscoll Bridge, Routes 1, 9, 287, 44, the Garden State Parkway, and the Turnpike, as well as proximity to train and ferry services. A No Further Action (NFA) letter is on file. The owner covers the electricity for the brick house. The asking price for this fully rented, multi-faceted commercial property is $4,500,000.

Property Details for 2078 Hwy

Property type
Other specialty properties, Other land
Stories
2
Units
2

Location Insight

City
South Amboy
County
Middlesex
State
New Jersey
Latitude
40.471222
Longitude
-74.28393
2078 Hwy, South Amboy, New Jersey

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2078 Hwy
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