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Investment Property

Passaic County, New Jersey

Asking Price: Gross: Cash Flow:
$790,000 Undisclosed Undisclosed

Real Estate:
$790,000 (included in the asking price)

Business Summary:
Multi-purpose use retail. 7,500 sq. ft. building is available for sale, currently used as a floor covering operation. Previous use was as a Garden center which has a 3,000 sq. ft. storage/green house attached. The second floor has a 1,200 sq. ft. apartment. The building can be used for multiple uses and can generate approximately $80,000 in revenue. Current taxes are $12,500 netting cash flow of $67,500. For further information please contact Bill Pryzchodniez at 908-851-9040 Ext. 279.

 
   
   
Year Business was Established: 2004
   
Facilities / Terms of Lease: 7,500 sq. ft. Multi-zoned building with an additional 3,000 sq. ft. storage area. Includes a 1,200 sq. ft. apartment on the second floor, has 20 parking spaces.  
   
Potential Growth/Expansion: No  
   
Owner willing to finance: Prime + 2%  
   
Reason for selling: Retirement  
 

 

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