Mechanic Garage with Inventory
11 Leesville Avenue Avenel, NJ 07001
For Sale
$525,000
Pending
Well-maintained mechanic garage with inventory in high-visibility area.
Property Size1,688 SF
Lot Size0.11 Acres
Days on Market288
Property Features for 11 Leesville Avenue
General Information
- Standard status
- Pending
- Size
- 1,688 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing Agency:
KELLER WILLIAMS BY THE BAY
(732) 826-7110
Listed By:
JOSEPH A GUERRIERO
Source:
Corcoran
Added: Oct 10, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:20AM
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 KELLER WILLIAMS BY THE BAY
Investment Insights
Based on property information with market context.
This well-maintained mechanic style garage is situated in a high-visibility area. The property includes inventory and features two fully equipped garages with ample working space. A private backyard provides additional space for parking, storage, or future expansion. The property is zoned for commercial use and multi-family, offering strong drive-by exposure and potential for various uses. It is suitable for business owners looking to own their own shop, developers, or investors seeking a commercial or residential asset.
Key Highlights
- Two fully equipped garages with ample working space and inventory included.
- Zoned for commercial use and multi‑family, offering diverse development potential.
- Located in a sought‑after, high‑visibility area with strong drive‑by exposure.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $21.60 |
| − Vacancy | −$2.0k | −$1.21 |
| EGI | $34.4k | $20.39 |
| − OpEx | −$10.3k | −$6.12 |
| NOI | $24.1k | $14.27 |
1,688 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$344.2K
$301.2K – $401.6K
NOI $24,093 @ 7.0% cap · market cap 4.59%
Second Best
Industrial
$270.7K
$236.8K – $315.8K
NOI $18,947 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$440.8K
$385.7K – $514.2K
NOI $30,854 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Woodbridge Mower
General Contractor
Similar Off Market Nearby
- AB Automotive Repair — 1095 St Georges Ave, Woodbridge Township, NJ 07067
- Advance Auto Center — 1116 St Georges Ave, Avenel, NJ 07001
- R & A Auto Care — 1131 St Georges Ave, Colonia, NJ 07067
- AB Automotive Transmissions — 1095 St Georges Ave, Colonia, NJ 07067
- Royal Battery & Tire — 1095 St Georges Ave, Colonia, NJ 07067
FAQs
What type of property is this?
Auto shop - Well-maintained mechanic garage with inventory in high-visibility area.
Where is this auto shop located?
The property is located at 11 Leesville Avenue Avenel, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two fully equipped garages with ample working space and inventory included.; Zoned for commercial use and multi‑family, offering diverse development potential.; Located in a sought‑after, high‑visibility area with strong drive‑by exposure.
