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260 W Scott Ave 2,029 SF 100% Leased Retail Building Rahway, NJ 07065 $1,975,000 ($973.39/SF)
Investment Highlights
- Positioned in Rahway’s B1 Neighborhood Business Zone, providing a versatile location for retail and automotive operations.
- Well-maintained mechanic shop includes existing lifts and an established customer base for immediate continuity of business.
- Excellent connectivity with easy access to main thoroughfares and surrounding residential communities to drive traffic.
- Features a car wash, mechanic shop, and auto dealership, offering multiple income streams under current leases.
- Ample parking with 23 spaces on a 0.40-acre corner lot, ensuring smooth operations and customer convenience.
- Proven investment potential with tenants in place and estimated rent collection up to $14,500 monthly when fully leased.
Executive Summary
Great Opportunity to Run your own Successful Mechanic Shop while collecting rent from 2 other great tenants. For sale is a Car Wash, Mechanic Shop and Auto Dealership. The successful mechanic shop will be handed over to the new owner ready for continued business. The Car wash and Dealership are currently rented out with leases in Place. Also a great opportunity for an investor to possibly collect $14,500 if all 3 places are rented out. This is a great location B1 Neighborhood Business Zone. There were plans to build condo units in this location. The Mechanic Shop will be sold with both Lifts and a continued successful business. The new owner can either run the mechanic shop or rent it out for a great investment opportunity. Located in a great B1 Zone, Neighborhood Business, make all the neighbors your go to place.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,029 SF
Building Class
C
Year Built
1945
Price
$1,975,000
Price Per SF
$973.39
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.40 AC
Zoning
B1 - B1 Neighborhood Business Zone
Parking
23 Spaces (11.34 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-00225-0000-00008-03 | Improvements Assessment | $121,500 |
| Land Assessment | $106,000 | Total Assessment | $227,500 |
Property Taxes
Parcel Number
13-00225-0000-00008-03
Land Assessment
$106,000
Improvements Assessment
$121,500
Total Assessment
$227,500
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260 W Scott Ave
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