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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
- Turnkey automotive property featuring a mechanic shop, car wash, and auto sales component.
- Mechanic shop business and vehicle lifts included in the sale.
- Opportunity for owner-user operation or passive investment strategy.
- Existing rental income from leased portions of the property.
- Located within the B-1 Neighborhood Business Zone.
- Strong visibility and accessibility within the Rahway market.
Executive Summary
260 W Scott Avenue presents a unique owner-user and investment opportunity in Rahway, New Jersey. The property consists of an established automotive service operation with additional income-producing components, including a car wash and auto dealership area. The mechanic shop is offered with its existing business operation and equipment, allowing a new owner to continue operations immediately while benefiting from supplemental rental income.
Located within the B-1 Neighborhood Business Zone, the property offers strong visibility and accessibility within a densely populated Union County market. Existing leases provide income stability, while the flexible zoning and redevelopment potential create long-term upside for investors and developers. The site has also been identified as a potential condominium redevelopment location, further enhancing future value prospects.
The combination of an operating business, multiple revenue streams, strategic location, and redevelopment potential makes this a compelling acquisition for owner-users, investors, and value-add buyers alike.
Located within the B-1 Neighborhood Business Zone, the property offers strong visibility and accessibility within a densely populated Union County market. Existing leases provide income stability, while the flexible zoning and redevelopment potential create long-term upside for investors and developers. The site has also been identified as a potential condominium redevelopment location, further enhancing future value prospects.
The combination of an operating business, multiple revenue streams, strategic location, and redevelopment potential makes this a compelling acquisition for owner-users, investors, and value-add buyers alike.
Property Facts
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 - 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