370 US Highway 1 - Auto Repair FOR SALE


Edison, NJ 08817
$1,600,000 USD
908-510-7089
370 US Highway 1, Edison, NJ for Sale
$1,600,000 USD
Auto Repair - FOR SALE
1/13
null | Request Cap Rate

NEW


370 US Highway 1
Edison, NJ 08817


OVERVIEW

For Sale/Lease- Freestanding Auto Repair/ Auto Body shop on a highly visible stretch of Route 1, Edison. Located in the center of New Jersey with easy access from the NJTP Exits 9 & 10, the GSP, Route 287/440 and Routes 9 & 18. The property has been an Auto Body/ Auto Repair site for over 40+ years. This sale/lease presents a unique opportunity to acquire an existing automotive repair facility which has had a hard to get auto body license approved at this location. Buyer/ Tenant responsible to secure license. Potential to acquire the neighboring residential house for added 399k. Property Features: • ± 2,331 SF Freestanding Auto Repair Building • 75x100 Lot w/ Frontage on US Highway 1 in Edison w/ Signage & Visibility • Parking for 8-10 Cars on Site • 3 Drive in Bays • Interior Parking for 6 Additional Cars • Previously Approved Auto Body On-Site • Paint Mixing Room • 2 Bathrooms • 1st Floor Office/ Reception Area and 2nd Floor Mezzanine Office • New Roof • Potential to Purchase Residential House Next Door (not included in List Price). House is 831 SF and adds an additional 50x100 Lot which can be used for employee parking, etc. • Real Estate Taxes: $11,322 per year (commercial) & $5,790 per year (residential) • Properties can be sold separate or as a package. • Asking Price: $1,600,000 (commercial), $399,000 (residential) • Asking Price: $8,500 per month NNN (commercial) • Zoned GBH (General Business Highway) which permits a variety of uses. 370 Route 1 provides a unique opportunity for anyone looking for a highly visible auto related property. Business is open and running so please call to arrange an appointment and for more information.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$604 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

GBH

APN/PARCEL ID

05-00235-02-00036-02

ASK ABOUT THIS PROPERTY

Brian WalshDavis CommercialMore Info
908-510-7089

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Brian WalshDavis CommercialMore Info
908-510-7089

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.