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Three-Unit Automotive Repair Shop

102 Summer St, Passaic, NJ 07055

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For Sale

$840,000

Three-unit automotive repair shop with value-add potential.

Property size:

7,400 SF

Price / SF:

$113/SF

Listing Contact

GABRIEL SAJIUN

HighLights

High 8% Cap Rate based on current income.
Strong value‑add potential through increasing below‑market rents.
Three self‑contained units, each with a private half bathroom.
Total of 7,400 sq ft of building space on a 14,050 sq ft lot.
Two of three leases expired, offering immediate renewal or replacement opportunities.
Excellent owner‑user or investor opportunity in a high‑demand commercial sector.

For Sale

$840,000

Three-unit automotive repair shop with value-add potential.

Property size:

7,400 SF

Price / SF:

$113/SF

Added:: Jun 2, 2025
Days on Market:: 375
Last Refresh:: Mar 16 at 9:09 am

Property Features for 102 Summer St

General Information

Standard status: Active
Size: 7,400 SF

Building Details

Year Built: 1920

We can help!

Listing Contact

GABRIEL SAJIUN

Listing agent GABRIEL SAJIUN

Listing office ARENA COMMERCIAL BROKERAGE LLC

Listing date Jun 2, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of ARENA COMMERCIAL BROKERAGE LLC

HighLights

High 8% Cap Rate based on current income.
Strong value‑add potential through increasing below‑market rents.
Three self‑contained units, each with a private half bathroom.
Total of 7,400 sq ft of building space on a 14,050 sq ft lot.
Two of three leases expired, offering immediate renewal or replacement opportunities.
Excellent owner‑user or investor opportunity in a high‑demand commercial sector.

Overview

This is a three-unit automotive repair facility with 7,400 square feet of building space on a 14,050 square foot lot. Each of the three individual repair bays is equipped with its own private half bathroom, making the units self-contained. One unit, the largest, is located at 102 Summer Street and is rented for $3,400 per month. The other two units are located at 95 Burgess Street; the smaller unit is rented for $1,800 per month, and the larger side is rented for $2,700 per month. The total current monthly rent is $7,900. Two of the three leases have expired, presenting an immediate opportunity for lease renewal at market rates or replacement with new tenants. The third lease is set to expire on September 30, 2025. The property has an 8% cap rate based on current income and strong value-add potential by increasing below-market rents. It features a functional layout with individual restrooms and clear bay separation. This property is located in Passaic City, NJ, and offers both steady cash flow and upside potential through improved lease terms. It is an excellent opportunity for an owner-user or investor in a high-demand commercial sector.

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Similar Places Nearby

Tow Truck New Jersey — 615 Main Ave Suite #1, Passaic, NJ 07055
Metro Petro Inc — 92 Broadway, Passaic, NJ 07055
Garfield Tire — 25 Ann St, Clifton, NJ 07013
R&Y Towing — 60 Broadway, Passaic, NJ 07055
Chris Lordi Auto Body Inc — 200-202, 200 Howe Ave, Passaic, NJ 07055

Location Insight

Map
Local Demand

City: Passaic
County: Passaic
State: New Jersey
Longitude: -74.1331
Latitude: 40.8694

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For sale
Auto shops
NJ
Passaic
07055
102 Summer St

What type of property is this?

Auto shop - Three-unit automotive repair shop with value-add potential.

Where is this auto shop located?

The property is located at 102 Summer St Passaic, NJ.

What is the asking price?

The asking price for this property is $840,000.

What are key features of this property?

This property features: High 8% Cap Rate based on current income.; Strong value‑add potential through increasing below‑market rents.; Three self‑contained units, each with a private half bathroom.