594 Union BlvdTotowa, NJ 07512

Property Details for 594 Union Blvd

Year built

1945

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

6,528 SF

Zone code

B2

Property type

Commercial real estate

APN

12 00143- 01-00003

APU

12001430100003

Description

This exceptional opportunity presents a fully operational and profitable balloon and party supply storefront located at 594 Union Blvd, Totowa, New Jersey, 07512. Priced at $199,900, this turnkey business boasts 100% occupancy within a 700-1400 square foot space under a triple net lease (NNN) with three years remaining. The sale includes a substantial existing inventory, a valuable book of business, rental equipment, and even a transport vehicle (available for an additional $25,000). The business enjoys a prime location on a busy street with ample parking, ensuring high visibility and convenient access for customers. This is a truly remarkable opportunity for an entrepreneur seeking an established, cash-flowing business with significant growth potential. The existing client base and established operational infrastructure provide a solid foundation for immediate profitability and future expansion. All aspects of the business are included in the sale, allowing for a seamless transition and immediate commencement of operations. This is a rare chance to acquire a well-established and successful business in a desirable location. Don't miss out on this exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,223,180

  6.5%

  $1,129,090

  7%

  $1,048,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $852,948

  Geo Method

  $852,948

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,222,910

  Retail / Commercial

  $1,139,900

  Mixed-Use / Specialty

  $1,135,830

  Hospitality / Lodging

  $833,325

  Office

  $1,129,090

  Institutional / Educational

  $1,180,810

  Residential Income

  $1,381,550

  Multifamily

  $1,656,950

  Automotive / Energy

  $1,012,120

  Parking / Income-Based Land

  $349,271

  Restaurant / Food Service

  $590,756

  Healthcare / Senior Housing

  $1,164,780

Location Insight

City

Totowa

County

Passaic

State

New Jersey

Latitude

40.8988

Longitude

-74.2194

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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