8 Fort Lee RdBogota, NJ 07603

  • Commercial real estate
  • 0.04 AC
For Sale
$250,000 View listing

Property Details for 8 Fort Lee Rd

Year built
1920
Construction
BRICK
Lot size
0.04 AC
Zone code
B2
Property type
Commercial real estate
APN
04 00045-0000-00002
APU
400045000000002

Description

This exceptional business opportunity in Bogota, NJ, presents a chance to acquire a well-established and profitable enterprise. Located on East Fort Lee Road, this combined liquor store, lotto-convenience store boasts a strong customer base and consistent annual net revenue of approximately $125,000. The sale includes a valuable liquor license, a significant asset contributing to the business's success. The property itself offers ample storage space with a 1,200 square foot basement. The business is situated in a high-traffic area, ensuring consistent customer flow. This turnkey operation is ready for a new owner to step in and continue its success. Note that the inventory will be sold separately. While the property does not have heating, the strong revenue stream more than compensates for this aspect. This is a rare opportunity to own a profitable business with established clientele and significant earning potential. Serious inquiries only. The asking price is $250,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $359,365
    Hospitality
    $329,176
    Educational
    $273,871
    Medical
    $283,290
    Retail
    $426,022

Location Insight

City
Bogota
County
Bergen
State
New Jersey
Latitude
40.8757
Longitude
-74.0288
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$12,607
$57,000
$241,400
$298,400
-
$57,000
$241,400
$298,400

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