475 State St124WilliamSt , Perth Amboy City, NJ 08861-3540

Welcome to 475 State Street/124 William Street, Perth Amboy – a fully leased mixed-use commercial building located in the heart of Perth Amboy, New Jersey on a busy, high-visibility street.This versatile property offers a prime opportunity for entrepreneurs and investors looking to establish themselves in a thriving and bustling neighborhood.The 6,000 sq ft multi-tenant building features three levels of rental space and comes separately metered. The building is 100% leased with a well-known long-term storefront tenant with annual rental increases through 2026, as well as 10 residential apartments. Several apartments have updated kitchens and new hot water heaters installed in the past 3 years. Additionally, the building has a large basement for plenty of storage space. The building is located in a prime location, with easy access to major highways and transportation hubs. Perth Amboy is a thriving community with a rich cultural heritage and a diverse population, making it an ideal location for businesses that cater to a wide range of customers and clients.Eight out of 10 residential apartments are 1 bedroom units, while the remaining two units are studios. Due to many residential leases expiring in July 2023, this building offers an incredible opportunity to increase financial gains quickly and own a versatile and profitable commercial mixed-use property in one of New Jersey’s most vibrant communities!