February 16, 2023 – David McLaughlin of Horvath & Tremblay has successfully completed the sale of 101-103 S Broadway in South Amboy, New Jersey. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,375,000.
101-103 S Broadway is a free-standing mixed-use property in South Amboy, New Jersey. The Property is a +/-8,000 square foot two-story mixed-use building. The Property is zoned B-1 General Business, which is one of the city’s most versatile zoning codes, allowing for the largest potential tenant base. The first floor can support office space or retail space and the second floor is built-out for office space. The Property was delivered vacant to an owner-user and offers significant upside through the lease up of the remaining vacant space in the center of South Amboy’s downtown district. The Property is ideally situated along Broadway at the intersection with David Street in the heart of South Amboy’s downtown district. The Property is seconds from the South Amboy Train Station, and offers close proximity to municipal offices, area businesses and convenient access to US Route 9, the area’s primary commercial corridor, NJ Route 35 and the Garden State Parkway, two of the area’s primary commuter corridors. The Property is a short walk from the new South Amboy Ferry Terminal that is under construction along the Raritan Bay Waterfront. The Ferry will provide direct passenger service to and from Manhattan. Additionally, the Ferry Terminal will have a 750-space parking facility and a commercial component.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.