120 Cedar Grove LnSomerset, NJ 08873

  • Other commercial real estate
  • 3,500 SF
For Sale
$100,000 View listing

Property Details for 120 Cedar Grove Ln

Year built
1988
Lot size
14.18 AC
Property size (Sq ft)
3,500 SF
Zone code
CR
Property type
Other commercial real estate
APN
08 00424- 10-00302
APU
8004241000302

Description

This exceptional business opportunity presents a thriving dry cleaning establishment located at 120 CEDAR GROVE LANE, Somerset, NJ. Priced at $100,000, this turnkey operation boasts a substantial existing clientele, comprehensive inventory, and significant goodwill. Services offered include dry cleaning, wash and fold, alterations, and pressing, ensuring a diverse revenue stream. The sale includes all inventory, equipment, a fully functional point-of-sale (POS) system, and the established customer base. Detailed financial information and operational specifics are available upon request for qualified buyers. The owner is prepared to provide training to ensure a smooth transition for the new owner. This prime location within Franklin Township benefits from high visibility and proximity to other established businesses, ensuring consistent customer traffic. The property enjoys convenient access to major roadways, including Routes 287 and 27, making it easily accessible for both customers and employees. This is a rare opportunity to acquire a well-established, profitable business with significant growth potential. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $662,337
    Hospitality
    $606,697
    Educational
    $504,765
    Medical
    $522,124
    Retail
    $785,190
120 Cedar Grove Ln, Somerset, New Jersey

Location Insight

City
Somerset
County
Somerset
State
New Jersey
Latitude
40.5217
Longitude
-74.5203
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
$275,130
$5,218,000
$7,882,000
$13,100,000
-
$5,218,000
$7,882,000
$13,100,000

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