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615 Frelinghuysen Ave 10,158 SF Retail Building Newark, NJ 07114 $2,335,000 ($229.87/SF)
Investment Highlights
- Existing auto-body business and commercial real estate are sold together!
- 5 drive-ins / 2 spray booths
- 10,158 SF building plus 7261 SF fenced parking lot plus street parking.
Executive Summary
Existing auto-body business and commercial real estate are sold together! Commercial real estate (CRE) asking price $2,335,000 / Business asking price $450,000 NEG. Total combined asking price $2,785,000 NEG.
10,158 SF building with 5 drive-ins, 2 spray booths (1 oversized for trucks and buses), and a mixing room. The property includes a 7261 SF fenced corner lot plus street parking on both streets – see attached listing brochure for details!
10,158 SF building with 5 drive-ins, 2 spray booths (1 oversized for trucks and buses), and a mixing room. The property includes a 7261 SF fenced corner lot plus street parking on both streets – see attached listing brochure for details!
Taxes & Operating Expenses (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$34,537
|
$3.40
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$34,537
|
$3.40
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $34,537 |
| Annual Per SF | $3.40 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $34,537 |
| Annual Per SF | $3.40 |
Property Facts
Sale Type
Owner User
Property Type
Building Size
10,158 SF
Building Class
C
Year Built/Renovated
1970/2025
Price
$2,335,000
Price Per SF
$229.87
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial (C-2) Existing Auto Body Shop
Parking
10 Spaces
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-03741-0000-00029 | Total Assessment | $765,000 (2025) |
| Land Assessment | $310,500 (2025) | Annual Taxes | $34,537 ($3.40/SF) |
| Improvements Assessment | $454,500 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
14-03741-0000-00029
Land Assessment
$310,500 (2025)
Improvements Assessment
$454,500 (2025)
Total Assessment
$765,000 (2025)
Annual Taxes
$34,537 ($3.40/SF)
Tax Year
2026
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615 Frelinghuysen Ave
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