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Uniform City - Great Investment Opportunity In Camden For Sale

Camden, New Jersey, US
Asking Price:
$700,000 Furniture / Fixtures included
Sales Revenue:
$500,000
Cash Flow:
$100K - $250K

PRICE NEGOTIABLE

Here is a tremendous opportunity to open your new business in the heart of the redevelopment of Camden, New Jersey. The Uniform City store is strategically located in a highly visible location in the business district of Broadway. The properties are on Broadway and are being sold as one parcel, with all equipment and inventory included at the listed price. Property is being sold "as is.". The buyer is responsible for all inspections, certifications, and repairs. The transportation center, Cooper Hospital, courthouses, Rutgers University, Rowan University, and Camden County College are just a few blocks up Broadway. Also only minutes away are the Ben Franklin Bridge, the Adventure Aquarium, Battleship New Jersey, and the Camden Waterfront. There are multiple possible uses for this property, and each one could bring you the success you have dreamed about.

About Broadway, Camden, NJ 08103
Directions: Drive south on Broadway to 719-725 Broadway

General Description
List Price$700,000.00
Status Active
MLS NumberNJCD2052352
Tax ID
Ownership Interest Fee Simple
Association No
Subtype: Mixed Use
Waterfront No
Net Square Feet: $5,460.00
Price/SqFt $53.85
Business Use Other
Year Built1928
Location
County Camden, NJ
MLS AreaCamden City - Camden County (20408)
Subdivision/NeighborhoodLANNING SQUARE
School DistrictCamden
Association/Community Information
Taxes and Assessment
Tax Annual Amount$10,023.00
Tax Year2022
Municipal TrashYes
ZoningCOMMERICAL
Tax Assessed Value$343,600.00
Assessment Year2023
Land Use Code commercial
Commercial Sale Information
Business Use Other
Possible Use Apartment Building, Bar/Tavern/Lounge, Barber/Beauty, Beer/Wine/Liquor, Church, Clothing, Convenience Store, Day Care, Development, Dry Cleaner, Food Market, Laundromat, Liquor Store, Medical/Dental, Office, Printing, Professional Service, Restaurant, School, Senior Assisted/Day-care, Spa
Property Use Owner User
Present Licenses Other
Potential Tenancy Multiple
Building Total SQFT13,000
Building Total SQFT Source Estimated
Building Info
Building Units Total4
Construction MaterialsBlock, Brick
RoofFiberglass, Flat
Lot
Lot Size Acres0.18
Lot Size SQFT7668
Lot Size Source Estimated
Location Type Business District
Parking
Parking Type: On Street
Truck/Trailer Parking Spaces0
Car Parking Spaces10
Total Parking Spaces10
Interior Features
Accessibility Features None
Inclusions All inventory and equipment
Utility Information
Cooling Type Central A/C, Window Unit(s)
Cooling Fuel Electric, Natural Gas

Property Information

Real Estate:

Real Property Included

Location:

719-725 Broadway, Camden, NJ 08103

Premises Details:

The business sells uniforms for school districts, government workers, industrial and commercial workers as well. This includes uniforms for children, men and women working in all fields.

Size in square feet:
13,000 sq ft

Business Operation

Expansion Potential:

Tremendous potential for growth and expansion. Two major hospitals and several health centers with one mile of the store. The store is one mile from the Ben Franklin Bridge and residents of Philadelphia can easily access the store to purchase uniforms. The store includes four commercial buildings and the upper floors of the buildings could be used for residential leasing. Currently used to store inventory.

Competition / Market:

No competition in the City of Camden and very little competition in the surrounding counties.

Reasons for selling:

Owner wants to retire.

Trading hours:

9:00 AM to 4:00 PM

Employees:
5
Years established:
Current owner 25 years but it was opened by the original owner over 60 years ago.

Other Information

Support & training:

Support can be provided to show the new buyer the process of acquiring contracts from various government and private agencies. Also to show the new buyer the operation of the machinery used for embroidering the clothes and putting on logos and patches on uniforms.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

The owner is willing to finance the sale with the buyer putting up a suitable downpayment and terms. Negotiation possible

Furniture / Fixtures value:
$50,000 - included in the asking price
Inventory / Stock value:
$200,000
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