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Listed by Jihyeon Seong K Realty Group LLC (201) 780-6725
$120,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Merch/Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 22005372
Style Merch/Retail
Property Sub-Type Merch/Retail
Property Description
Location, Location, Location! Don't miss this prime opportunity to own and operate your own dry cleaning business in the heart of downtown, surrounded by luxury condominiums. This location offers great income potential with low rent—the tenant only pays for electricity! The current tenant also operates another dry cleaner in East Orange (MLS# 22005377 – $350,000), just 5 minutes away, which comes fully equipped. While the South Orange location has removed the dry cleaning equipment, the foundation remains intact, making it easy to reinstall equipment and restart operations. Tenant is responsible only for rent ($2,650), electricity ($150/mo) and insurance ($130/mo) Highly recommended to purchase and operate both locations together for maximum income potential! Combined annual income from both locations exceeds $530,000. Further increase revenue by adding pickup & delivery services. This is a fantastic investment opportunity—act now!
Location
State NJ
County Essex
Interior
Heating Gas
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G.K. Cheung
Broker of Record | License ID: 1120283
Broker of Record License ID: 1120283