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Established Auto Repair Shop For Sale

1423 Corlies Ave Neptune, NJ

1423 Corlies Ave, Neptune, NJ, 00000

$899,999

For Sale

$899,999

Turn-key auto repair shop with loyal customer base.

Property Size3,358 SF

Lot Size0.06 Acres

Price / SF$268.02

AddedMay 1

Days on Market76

Last RefreshJun 29 at 3:33 am

Property Features for 1423 Corlies Ave

General Information

Standard status: Active
Size: 3,358 SF
Lot size: 0.06 Acres

Listing office RE/MAX 1st ADVANTAGE

Listing date May 1, 2026

Source Exprealty

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 RE/MAX 1st ADVANTAGE

Investment Insights

Based on property information with market context.

This freestanding 3,358 sq ft auto repair service is situated on a 2,405 sq ft corner lot. The property features a well-established body shop with a history of service. An additional garage provides extra service space, allowing for increased capacity and new revenue streams. The interior includes a front reception area, ample on-site storage, and a private 1/2 bath. On-site parking is available for 15+ vehicles. The property is located in a high-traffic area with easy access to major roads and proximity to Asbury Park. The property is intended for use as an auto repair shop and offers potential for business growth with a loyal customer base.

Key Highlights

Established 5‑star auto repair business with a 40‑year track record.
Prime corner lot location in a high‑traffic area of Neptune, with easy access to major roads and Asbury Park.
Turn‑key opportunity with a loyal customer base and included phone numbers.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$72.5k	$21.60
− Vacancy	−$4.1k	−$1.21
EGI	$68.5k	$20.39
− OpEx	−$20.5k	−$6.12
NOI	$47.9k	$14.27

3,358 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$684.7K

$599.1K – $798.8K (±1% cap)

NOI $47,930 @ 7.0% cap · market cap 5.33%

Second Best

Industrial

$459.9K

$402.4K – $536.5K (±1% cap)

NOI $32,190 @ 7.0% cap · market cap 3.58%

Theoretical Best

Office A

$876.8K

$767.2K – $1.02M (±1% cap)

NOI $61,379 @ 7.0% cap · market cap 6.82%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

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Tow Co. LLC

For sale
Auto shops
NJ
Neptune
1423 Corlies Ave

What type of property is this?

Auto shop - Turn-key auto repair shop with loyal customer base.

Where is this auto shop located?

The property is located at 1423 Corlies Ave Neptune, NJ.

What is the asking price?

The asking price for this property is $899,999.

What are key features of this property?

This property features: Established 5‑star auto repair business with a 40‑year track record.; Prime corner lot location in a high‑traffic area of Neptune, with easy access to major roads and Asbury Park.; Turn‑key opportunity with a loyal customer base and included phone numbers.