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532 Monroe St - Retail condo sale with high income Drop shop.

1,245 SF Retail Unit Offered at £692,428 in Hoboken, NJ 07030

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

Price £692,428 Building Class B
Unit Size 1,245 SF Number of Floors 5
No. Units 1 Typical Floor Size 1,270 SF
Total Building Size 8,882 SF Year Built 2006
Property Type Retail (Unit) Tenancy Single
Property Subtype
Storefront Retail/Office
  • General Retail Storefront
 Lot Size 0.03 AC
Sale Type Investment or Owner User
Price £692,428
Unit Size 1,245 SF
No. Units 1
Total Building Size 8,882 SF
Property Type Retail (Unit)
Property Subtype
Storefront Retail/Office
  • General Retail Storefront
Sale Type Investment or Owner User
Building Class B
Number of Floors 5
Typical Floor Size 1,270 SF
Year Built 2006
Tenancy Single
Lot Size 0.03 AC

1 Unit Available

Unit c

Unit Size 1,245 SF Sale Type Investment or Owner User
Price £692,428 Net Initial Yield 5.50%
Price Per SF £556.17 NOI £38,083.54
Unit Use Retail
Unit Size 1,245 SF
Price £692,428
Price Per SF £556.17
Unit Use Retail
Sale Type Investment or Owner User
Net Initial Yield 5.50%
NOI £38,083.54
Description

Mixed use commercial property. Selling One unit at the first floor.

Sale Notes

Town is growing fast with good income resident. City quality life neighbor.

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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (74)
Bike Score ®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Amenities

  • Bus Route
  • Commuter Rail
  • Corner Lot
  • Courtyard
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning

Nearby Major Retailers

Capital One
Starbucks
Cluck-u-chicken
ACME
My Gym Hoboken
F45 Training, Inc.
Cycle Bar
StretchLab
Bank of America
ShopRite

zoning

Zoning Code R-3 (Mixed Use)
R-3 (Mixed Use)
(201) 725-3572

Contact

  • Listing ID: 14295559

  • Date on Market: 05/11/2018

  • Last Updated:

  • Address: 532 Monroe St, Hoboken, NJ 07030

The Retail Property at 532 Monroe St, Hoboken, NJ 07030 is currently available for sale. Contact City Property Associates, LLC for more information.

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532 Monroe St - Retail condo sale with high income Drop shop.
(201) 725-3572 x

532 Monroe St - Retail condo sale with high income Drop shop.

Leo Yeo

(201) 725-3572

(201) 725-3572

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