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Jose Auto Repair-Sales 422 Monroe St 7,500 SF Retail Building Passaic, NJ 07055 $1,090,000 ($145.33/SF) 8.19% Cap Rate
Investment Highlights
- Established, revenue-generating auto repair business with loyal clientele.
- Pending license renewal for Auto Mechanic and Sales with State Inspection approval.
- On-site parking for more than 25 vehicles, ideal for high-volume operations.
- Fully equipped facility with five service bays, two restrooms, and office space.
- Convenient location near major highways and public transportation.
Executive Summary
Automotive repair facility and property in Passaic, NJ, offering mechanic services, auto sales, and a DMV state inspection facility, with a NJ auto dealer license currently lapsed and renewable. This established business has served the community for over 30 years and is ideal for an owner-operator or investor. The facility spans approximately 7,500 square feet and features five service bays/garages, an outdoor heavy-duty lift, newer lifts and equipment, and ample parking and storage for over 25 vehicles. Additional amenities include office spaces, restrooms, and two extra rooms adaptable for storage or private use. Conveniently located near public transportation and major highways, this property offers excellent accessibility and visibility for continued success in the automotive industry. Fully secured with a professional fence, just waiting for new owner(s) to expand and thrive. OWNER FINANCING Possible, Inquire TODAY,
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
C
Year Built/Renovated
1940/1999
Price
$1,090,000
Price Per SF
$145.33
Cap Rate
8.19%
NOI
$89,250
Business Value
$300,000
Tenancy
Single
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.17 AC
Zoning
R-3 - Multifamily residential district that allows a wider range of residential and institutional uses than lower-density R-1 or R-2 zone
About 422 MONROE ST , PASSAIC, NJ 07055
The property at 422 Monroe Street is a commercial site currently configured for automotive service and repair operations. It includes multiple bays, office areas, and outdoor vehicle storage within a fenced lot. Positioned in Passaic, the property benefits from proximity to local public transportation routes and major arterial highways such as Routes 21, 3, and 46, and Garden State Parkway, offering regional accessibility.
Exceptionally walkable
100/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-02171-0000-00026 | Improvements Assessment | $213,800 |
| Land Assessment | $87,500 | Total Assessment | $301,300 |
Property Taxes
Parcel Number
07-02171-0000-00026
Land Assessment
$87,500
Improvements Assessment
$213,800
Total Assessment
$301,300
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Jose Auto Repair-Sales | 422 Monroe St