370 US Highway 1

2,331 SF Retail Building Edison, NJ $850,000 ($365/SF)

PROPERTY FACTS
  • Sale Type: Investment or Owner User
  • Property Type: Retail
  • Property Subtype: Auto Repair
  • Building Size: 2,331 SF
  • Building Class: Year
  • Built: 1970
  • Price: $850,000
  • Price Per SF: $365
  • Tenancy: SingleBuilding
  • Height: 1 Story
  • Building FAR: 0.31
  • Land Acres: 0.17 AC
  • Zoning: GBH
  • Parking6 Spaces (2.57 Spaces per 1,000 SF Leased)
  • Spaces per 1,000 SF Leased)
  • Frontage: 71 FT on US 1
  • Opportunity Zone: No

EXECUTIVE SUMMARY

For Sale- 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. With a 40+ year track record and history of business, Bob Nagy’s Auto Body is a local fixture. This sale presents a unique opportunity to purchase an existing automotive repair facility which includes a hard to get auto body license and also a potential used car sale license. Property is turn-key and ready to go and includes all equipment.

Property Features:

  • ± 2,331 SF Freestanding Auto Repair Building
  • 75×100 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
  • Inclusive of Auto Body License
  • Inclusive of Equipment
  • Potential for Used Car License
  • 1 Traditional Auto Lift and 1 Frame Machine
  • Stray Booth and Paint Mixing Room
  • 2 Bathrooms
  • 1st Floor Office/ Reception Area and 2nd Floor Mezzanine Office
  • Potential to Purchase Residential House Next Door (not included in List Price). House is 831 SF and adds an additional 50×100 Lot which can be used for employee parking, etc.
  • Real Estate Taxes: $11,227 per year (commercial) & $5,790 per year (residential)
  • Properties can be sold separate or as a package.
  • 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

  • Price $3,599,000
  • Lot Size 9.10 AC
  • Price Per SF $259
  • Building Size 13,891 SF
  • Sale Type Investment or Owner User
  • No. Stories 2
  • Property Type
  • SpecialtyYear Built 1973
  • Property Subtype Religious Facility
  • Parking Ratio 10/1,000 SF
  • Building Class C
  • Opportunity Zone No

Property Taxes

  • Parcel Number 05-00235-B-00036-A
  • Improvements Assessment $75,000 (2021)
  • Land Assessment $115,200
  • Total Assessment $190,200

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