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370 US Highway 1 2,649 SF Retail Building Edison, NJ 08817 $1,600,000 ($604.00/SF)
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,649 SF
Building Class
C
Year Built
1970
Price
$1,600,000
Price Per SF
$604.00
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.17 AC
Zoning
GBH
Parking
6 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-00235-02-00036-02 | Improvements Assessment | $75,000 |
| Land Assessment | $115,200 | Total Assessment | $190,200 |
PROPERTY TAXES
Parcel Number
05-00235-02-00036-02
Land Assessment
$115,200
Improvements Assessment
$75,000
Total Assessment
$190,200
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