List Search

532 Monroe St
Hoboken, NJ 07030

$880,000 USD

Storefront Retail Office Condo For Sale  •  1,245 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 8,882 SF
  • Lot Size 0.03 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning R-3
74 Transit Score
97 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit c Retail 1,245 SF $880,000 USD
  • Unit Size: 1,245 SF
  • Condo Use: Retail
  • Price: $880,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $706.83 USD
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.

Description 

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.

Highlights

Solid investment: Business and building together.

Financial Summary

Cap Rate: 5.50 %
Total Expenses: $8,983 USD

Major Tenants

Tenant SF Occupied Lease End Date
New West Dry Cleaners(Drop Shop)

Amenities

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

Public Transportation

Commuter RailDriveWalkDistance
Hoboken (Bergen County/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit), Hoboken-33rd Street - NJ Transit Commuter Rail (NJ Transit), Hoboken-World Trade Center - NJ Transit Commuter Rail (NJ Transit), Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit), Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit), North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Pascack Valley Line - NJ Transit Commuter Rail (NJ Transit), Raritan Valley Line - NJ Transit Commuter Rail (NJ Transit)) 4 min - 1.4 mi
Pavonia/Newport (Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 6 min - 2.1 mi
Transit/SubwayDriveWalkDistance
9Th Street - Congress Center (Tonnelle Avenue-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail)) 1 min 6 min 0.3 mi
2Nd Street (Tonnelle Avenue-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail)) 3 min 8 min 0.4 mi
AirportDriveWalkDistance
Newark Liberty International 15 min - 10.8 mi
Laguardia 30 min - 13.1 mi
John F Kennedy International 38 min - 21.1 mi
Leo Yeo 201-725-3572 City Property Associates, LLC
Leo Yeo 201-725-3572 City Property Associates, LLC