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Polygon Gas 93 Union Ave 2,140 SF 100% Leased Retail Building Paterson, NJ 07512 $1,199,000 ($560.28/SF)
INVESTMENT HIGHLIGHTS
- Prime Location: High-visibility gas station located on a busy thoroughfare in Paterson, NJ, attracting significant daily traffic.
- Recent Upgrades: Modernized facilities with recently updated fuel dispensers, signage, and a well-maintained forecourt.
- Multiple Fuel Pumps: Equipped with several fuel pumps, including regular, and diesel options, to serve a diverse customer base.
- Steady Revenue: Established customer base with consistent fuel sales and strong convenience store performance.
EXECUTIVE SUMMARY
Wayne pumps are recently installed with EMV and Ruby2 system. Two double wall tanks with 8K and another 8K split into two (6K and 2K). 2K is used for diesel. Pumps 50K+ gallons per month. Gas Station has a separate entrance.
Workshop has 3 bays. Two 4 post Rotary lifts (One is alignment lift). Also, one two post lift. John Bean alignment machine is installed. The workshop is heated by a waste oil heater. Four above ground tanks are installed for storing waste oil as well as for new engine oil. All the items are included in the sale including the tire machines. If rented, the workshop can generate possibly $5500 in rent. There is a separate reception area for the workshop and a manager's office.
This location is great for a possible convenience store with town approval.
Workshop has 3 bays. Two 4 post Rotary lifts (One is alignment lift). Also, one two post lift. John Bean alignment machine is installed. The workshop is heated by a waste oil heater. Four above ground tanks are installed for storing waste oil as well as for new engine oil. All the items are included in the sale including the tire machines. If rented, the workshop can generate possibly $5500 in rent. There is a separate reception area for the workshop and a manager's office.
This location is great for a possible convenience store with town approval.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,140 SF
Building Class
C
Year Built
1960
Price
$1,199,000
Price Per SF
$560.28
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.13 AC
Zoning
bus comm - auto repair and gas station with variance mini mart, lottery. many posabilities
Parking
9 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Freeway Visibility
- Signage
- Accent Lighting
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
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Presented by
Wayne Hills Realty
Polygon Gas | 93 Union Ave
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