Prime Corner Mechanic Shop
146 -148 Hudson St Newark, NJ 07103
146 -148 Hudson St, Newark, NJ, 07103
$775,000
For Sale
$775,000
Mechanic shop in Newark's University Heights neighborhood for sale.
Property Size3,600 SF
Lot Size0.14 Acres
Price / SF$215.28
Days on Market179
Property Features for 146 -148 Hudson St
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
WEICHERT REALTORS - HOME CITY
(201) 293-6333
Listed by
AUGUSTO VERISSIMO
Source
Corcoran
Added: Jan 20 Checked: Jul 17 at 3:58 am
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 WEICHERT REALTORS - HOME CITY
Investment Insights
Based on property information with market context.
This mechanic shop and mixed-use commercial property is located at a high-visibility corner location on Hudson Street in Newark's Central Ward, specifically in the University Heights neighborhood. The corner building includes two separate tenant spaces. The Hudson Street frontage offers approximately 2,000 square feet plus an additional 300 square feet of office space. The Hartford Street frontage provides approximately 1,500 square feet. The total building size is approximately 4,000 square feet and includes three half bathrooms. The lot has a frontage of 60 feet and a depth of 100 feet, resulting in a total lot size of approximately 6,000 square feet. The zoning is R-4 Residential (Low-Rise). The property's high traffic exposure, excellent accessibility, and strategic corner location make it suitable for an owner-user or investor looking to start or expand their business.
Key Highlights
- Prime corner location with high visibility
- Two separate tenant spaces totaling approximately 4,000 sq ft
- Located in Newark's Central Ward - University Heights neighborhood
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 | $90.7k | $25.20 |
| − Vacancy | −$8.3k | −$2.29 |
| EGI | $82.5k | $22.91 |
| − OpEx | −$24.7k | −$6.87 |
| NOI | $57.7k | $16.03 |
3,600 SF · lease $25.20/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$824.6K
$721.6K – $962.1K
NOI $57,725 @ 7.0% cap · market cap 7.45%
Second Best
Industrial
$609.8K
$533.6K – $711.4K
NOI $42,684 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,132 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ultimate Auto Security ...
Auto Repair Shop
Car Tech
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Auto Body Shop Essex County — 87-99 William St, Newark, NJ 07102
- Romero Tire Shop — 280 Bergen St, Newark, NJ 07103
- Mecanico — 225 Hunterdon St #1L, Newark, NJ 07103
- DT Mobile Auto Mechanic LLC — 297 Springfield Ave, Newark, NJ 07103
- Newark Towing Service — 478 s 10th st, newark, nj 07103
FAQs
What type of property is this?
Auto shop - Mechanic shop in Newark's University Heights neighborhood for sale.
Where is this auto shop located?
The property is located at 146 -148 Hudson St Newark, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Prime corner location with high visibility; Two separate tenant spaces totaling approximately 4,000 sq ft; Located in Newark's Central Ward - University Heights neighborhood
