Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Auto Body Shop Opportunity Title is generated by Realmo AI

    57 Morristown Rd, Bernardsville, NJ 07924

    View on Map
    Claim this Listing
    For Sale
    $499,900

    Auto body shop for sale with collision repair business.

    Type:Commercial/Industrial
    Property size:
    2,500 SF
    Price / SF:
    $199/SF
    Added:
    Aug 2, 2024
    Days on Market:
    681
    Last Refresh:
    May 19 at 11:36 pm

    Property Features for 57 Morristown Rd

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    SUZAN SLETTELAND
    SUZAN SLETTELAND

    Listing agent SUZAN SLETTELAND

    Listing office TURPIN REAL ESTATE, INC.

    Listing date Aug 2, 2024

    Source Exitrealty

    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 TURPIN REAL ESTATE, INC.

    HighLights

    • Opportunity to own and run an Auto Body Shop and Collision Repair business.
    • Long Lease on the property.
    • Building is available for sale.
    • Excellent Collision Repair business opportunity.
    • 25 parking spots.
    • Wonderful opportunity.

    Overview

    This property presents an opportunity to own and operate an auto body shop with collision repair services. The property includes a long-term lease and features 25 parking spots. The building, with a size of 2500 square feet, is also available for sale. This commercial real estate is suitable for automotive purposes, including auto shops and general retail.

    Local 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 $54.0k $21.60
    − Vacancy −$3.0k −$1.21
    EGI $51.0k $20.39
    − OpEx −$15.3k −$6.12
    NOI $35.7k $14.27
    2,500 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $509.8K
    $446.0K – $594.7K (±1% cap)
    NOI $35,683 @ 7.0% cap · market cap 7.14%
    Second Best
    Industrial
    $400.9K
    $350.8K – $467.7K (±1% cap)
    NOI $28,061 @ 7.0% cap · market cap 5.61%
    Theoretical Best
    Office A
    $652.8K
    $571.2K – $761.6K (±1% cap)
    NOI $45,696 @ 7.0% cap · market cap 9.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lowrie Auto Body Auto Repair Shop Pace Collision Services, ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mowers 2 Blowers — 2 Rip Rap Rd, Bernardsville, NJ 07924
    • Somerset Hills Classics — 4 Center St, Bernardsville, NJ 07924
    • Bernardsville Auto Repair Inc — 75 Mine Brk Rd, Bernardsville, NJ 07924
    • Prestige Auto Repair, LLC — 39 Mine Brk Rd, Bernardsville, NJ 07924
    • Agnomens Towings LLC — 24 Boylan Terrace, Bernardsville, NJ 07924, United States

    Location Insight

    • Map
    • Local Demand
    City
    Bernardsville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5652
    Latitude
    40.7188

    FAQs

    What type of property is this?
    Auto shop - Auto body shop for sale with collision repair business.
    Where is this auto shop located?
    The property is located at 57 Morristown Rd Bernardsville, NJ.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Opportunity to own and run an Auto Body Shop and Collision Repair business.; Long Lease on the property.; Building is available for sale.
    (908) 812-5191
    We can help!
    Listing Contact
    SUZAN SLETTELAND
    SUZAN SLETTELAND
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    57 Morristown Rd, Bernardsville Boro, NJ 07924
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!