Three-Bay Auto Shop with
For Sale
$194,500
120 WATER STREET, Bridgeton, NJ 08302
Heated, electrified work bays are complemented by a private office, loft storage, and a fenced side yard.
Property Size2,000 SF
Price / SF$97.25
Days on Market9
Property Features for 120 WATER STREET
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Deeded Parking
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Service Bays
3
Amenities
parking lot
upper loft
private office space
Building Details
Year Built
1900
Buildings
1
Listing Agency:
S. Kelly Real Estate LLC
(856) 455-8820
Listed By:
Jacqueline Capoferri · License #1541079
(856) 332-8583
Source:
Cummingsrealtors
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 12 at 7:46PM
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 S. Kelly Real Estate LLC
Investment Insights
Based on property information with market context.
This auto shop has three garage bays with electric service and heat. Door heights are 8, 10, and 12 feet. The work area includes one two-post lift and one four-post lift; a compressor is included, but is not connected and is sold as-is. Additional space includes a private office and an upper loft for storage. The property also has a fenced side yard and a parking lot, with public water and sewer service.
The property dates to 1900 and is being sold as-is, where-is. The seller plans to paint the exterior and repair the side steps before closing.
The property dates to 1900 and is being sold as-is, where-is. The seller plans to paint the exterior and repair the side steps before closing.
Key Highlights
- Three garage bays with electric service and heat
- Garage doors measure 8', 10', and 12'
- One 2‑post lift and one 4‑post lift
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,693
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,860
$233.9K
Cap Rate 7%
$167,043
$167.0K
Cap Rate 9%
$129,922
$129.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$18.0K $9.00/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$16.7K $8.35/SF
− OpEx
−$5.0K −$2.51/SF
NOI
$11.7K $5.85/SF
Area
Cumberland County, NJ
Vacancy
7.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,860
Cap Rate 7%
$167,043
Cap Rate 9%
$129,922
Alternative Uses
Best Use
Retail
$344.9K
$301.8K – $402.4K
NOI $24,142 @ 7.0% cap · market cap 12.41%
Second Best
Industrial
$167.0K
$146.2K – $194.9K
NOI $11,693 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,211 @ 7.0% cap · market cap 108.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
118k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 41%
Groceries 10%
Electronics 2%
Wawa
Shops & Services
32,326 visits/mo
0.4 miles
McDonald's
Dining
14,967 visits/mo
0.4 miles
TD Bank
Shops & Services
12,223 visits/mo
0.4 miles
C-Town Supermarkets
Groceries
12,050 visits/mo
0.5 miles
Wendy's
Dining
11,025 visits/mo
0.4 miles
Demographics for 08302, NJ
47,826
Population
16,038
Households
3
Avg Household Size
36
Median Age
13%
College-Educated
77%
High-School Grad
142.6 sq mi
ZIP Area
335
Density / Sq Mi
$60,301
Median Household Income
$34,137
Median Earnings
$1,351
Median Rent
$202,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Auto shop - Heated, electrified work bays are complemented by a private office, loft storage, and a fenced side yard.
Where is this auto shop located?
The property is located at 120 WATER STREET Bridgeton, NJ.
What is the asking price?
The asking price for this property is $194,500.
What are key features of this property?
This property features: Three garage bays with electric service and heat; Garage doors measure 8', 10', and 12'; One 2‑post lift and one 4‑post lift
