Prime Corner Mechanic Shop
For Sale
$775,000
146 -148 Hudson St, Newark, NJ 07103
Mechanic shop in Newark's University Heights neighborhood for sale.
Property Size4,000 SF
Lot Size0.14 Acres
Price / SF$193.75
Days on Market227
Property Features for 146 -148 Hudson St
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.14 Acres
Building Details
Year Built
1950
Listing Agency:
WEICHERT REALTORS - HOME CITY
Listed By:
AUGUSTO VERISSIMO · License #233455
(201) 293-6333
Source:
Luminancerealty
Added: Mar 5
Changed: Oct 6
Last Checked: Oct 5 at 9:53PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,139
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,780
$1.3M
Cap Rate 7%
$916,271
$916.3K
Cap Rate 9%
$712,656
$712.7K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$100.8K $25.20/SF
− Vacancy
−$9.2K −$2.29/SF
EGI
$91.6K $22.91/SF
− OpEx
−$27.5K −$6.87/SF
NOI
$64.1K $16.03/SF
Area
ZIP 07103
Vacancy
9.10%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,780
Cap Rate 7%
$916,271
Cap Rate 9%
$712,656
Alternative Uses
Best Use
Retail
$916.3K
$801.7K – $1.07M
NOI $64,139 @ 7.0% cap · market cap 8.28%
Second Best
Industrial
$677.5K
$592.8K – $790.4K
NOI $47,426 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,147 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,733
Businesses Nearby
204k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Groceries 34%
Shops & Services 7%
ShopRite
Groceries
69,926 visits/mo
0.5 miles
McDonald's
Dining
39,847 visits/mo
0.3 miles
Wendy's
Dining
24,571 visits/mo
0.3 miles
Dunkin' Donuts
Dining
13,853 visits/mo
0.2 miles
IHOP
Dining
12,934 visits/mo
0.4 miles
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- DT Mobile Auto Mechanic LLC — 297 Springfield Ave, Newark, NJ 07103
- Romero Tire Shop — 280 Bergen St, Newark, NJ 07103
- Mecanico — 225 Hunterdon St #1L, Newark, NJ 07103
- Auto Body Shop Essex County — 87-99 William St, Newark, NJ 07102
- ALL BODY SHOP INSIDE OUTSIDE — 25A Branford Pl, Newark, NJ 07102
Frequently Asked Questions
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
