411 Washington AveDumont, NJ 07628

  • Commercial real estate
  • 0.25 AC
For Sale
$140,000 View listing

Property Details for 411 Washington Ave

Lot size
0.25 AC
Property type
Commercial real estate
APN
10 00509-0000-00002
APU
1000509000000002

Description

This exceptional business opportunity presents the chance to own a thriving Pelicana Chicken franchise located at 411 Washington Avenue in Dumont, New Jersey. Pelicana Chicken, a major player in the global food franchise market with a significant presence in Korea and other international locations including the US, Canada, and the UK, offers a well-recognized and established brand. This particular franchise benefits from a highly visible location in a densely populated area of Dumont, experiencing heavy traffic volume. The strategic placement makes it an ideal spot for commuters and residents seeking a convenient lunch or dinner option. The franchise is offered at a price of $140,000, representing a significant investment opportunity in a proven business model. A one-time franchise fee of $10,000 is included in the purchase price

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,003,780
    6.5%
    $1,849,640
    7%
    $1,717,520
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,397,280
    Geo Method
    $1,397,280
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,641,520
    Retail / Commercial
    $1,867,350
    Mixed-Use / Specialty
    $1,860,690
    Hospitality / Lodging
    $1,365,130
    Office
    $1,849,640
    Institutional / Educational
    $1,934,370
    Residential Income
    $2,263,210
    Multifamily
    $2,714,380
    Automotive / Energy
    $1,658,030
    Parking / Income-Based Land
    $572,167
    Restaurant / Food Service
    $967,761
    Healthcare / Senior Housing
    $1,908,110

Location Insight

City
Dumont
County
Bergen
State
New Jersey
Latitude
40.9487
Longitude
-73.9884
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
$30,117
$344,900
$430,700
$775,600
-
$344,900
$430,700
$775,600

FAQs

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