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Michael Practico

Richardson Commercial Realtors

Office Phone: 609-586-1000

 

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Published on: Friday, April 8, 2016 8:56:49 AM
Updated on: Friday, October 28, 2016 2:08:04 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-New Jersey-51281

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 0%

Year Build: 1940

 

Building Size: 6,026 SqFt

Lot Size: 0 Acre

No of Stories: 0

No of Parking: 25

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Turnkey automotive repair facility operating as a firestone dealer. Current owner retiring. This a true opportunity for a marketing savvy individual to capitalize on untapped market potential represented by the number of state workers present and the many parking garages and surface parking  lots within a half mile radius of the site.   There are three such facilities within walking distance having approximately 1,500+/- parking spaces.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 0

Commission Split (%): 0

Complete Details


Year Build: 1940

Building Size: 6,026 SqFt.

No of Stories: 0

Total Lot Area: 0.00 Acre

No of Parking: 25

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description


The property is improved with a one and partial two story 6,026+/- SF automotive repair/facility. The building was constructed in the 1940’s+/-. The first floor is block and masonry with stucco exterior. The partial second floor is frame construction. The main service area of the first floor has 4 bays. The ceiling height is 14+/- feet clear. The overhead doors are 10+/- feet high. There is an additional bay with an overhead door on the side facing Willow Street. At one time this section was a car wash tunnel with an additional overhead door on the other side of the building.  At the entrance there is a waiting room and customer service area with a handicap accessible half bath.  The rear section of the first floor with an overhead door is currently used for storage. The second floor was a two bedroom apartment but is currently unoccupied and would require renovation. This rear section facing North Willow Street is fenced in and has an additional parking area.  Flat rubberized roof with two billboards mounted on top. The rent for both is $175.00 monthly.  The service/shop area is heated via 2 gas fired ceiling mounted force air heaters. The waiting area, business office and half bath are electric baseboard heat. The rear space facing North Willow is unheated. The electrical service to the building is two phase 220+/- amp.

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