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Mechanic Shop in University Heights

146 Hudson St, Newark, NJ 07103

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For Sale

$795,000

Mechanic shop with two tenants in University Heights neighborhood.

Property size:

3,600 SF

Price / SF:

$220/SF

HighLights

Prime location at the corner of Hudson Street and Hartford in University Heights.
Mechanic shop with two existing tenants.
Total building size approximately 4000 sqft.
Includes approximately 2000 sqft facing Hudson St, plus 300 sqft of office space.
Includes approximately 1500 sqft facing Hartford.
Zoned R‑4 residential, low‑rise.

We can help!

Listing Contact

AUGUSTO VERISSIMO

For Sale

$795,000

Mechanic shop with two tenants in University Heights neighborhood.

Property size:

3,600 SF

Price / SF:

$220/SF

Added:: May 30, 2025
Days on Market:: 375
Last Refresh:: Mar 16 at 9:09 am

Property Features for 146 Hudson St

General Information

Standard status: Active
Size: 3,600 SF

Building Details

Year Built: 1950

We can help!

Listing Contact

AUGUSTO VERISSIMO

Listing agent AUGUSTO VERISSIMO

Listing office WEICHERT REALTORS - HOME CITY

Listing date May 30, 2025

Source Corcoran

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

HighLights

Prime location at the corner of Hudson Street and Hartford in University Heights.
Mechanic shop with two existing tenants.
Total building size approximately 4000 sqft.
Includes approximately 2000 sqft facing Hudson St, plus 300 sqft of office space.
Includes approximately 1500 sqft facing Hartford.
Zoned R‑4 residential, low‑rise.

Overview

This mechanic shop is located at the corner of Hudson Street and Hartford in the Central Ward, University Heights neighborhood. The property is zoned R-4 residential, low-rise. The lot size is 60 feet wide by 100 feet deep, totaling 6,000 square feet. The building size is approximately 4,000 square feet. The shop has two tenants. Facing Hudson Street, the space is approximately 2,000 square feet, plus 300 square feet of office space. Facing Hartford, the space is approximately 1,500 square feet and includes three half baths. The property is intended for use as a mechanic shop.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $57,725 @ 7.0% cap · market cap 7.26%

Second Best

Industrial

$609.8K

$533.6K – $711.4K (±1% cap)

NOI $42,684 @ 7.0% cap · market cap 5.37%

Theoretical Best

Office A

$1.29M

$1.13M – $1.50M (±1% cap)

NOI $90,132 @ 7.0% cap · market cap 11.34%

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

Property Profile Location Intelligence

Current Use by Public Records

Ultimate Auto Security ... Auto Repair Shop Car Tech Auto Repair Shop

Suggested Use

Similar Places 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

Location Insight

Map
Local Demand

City: Newark
County: Essex
State: New Jersey
Longitude: -74.1857
Latitude: 40.7444

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For sale
Auto shops
NJ
Newark
07103
146 Hudson St

What type of property is this?

Auto shop - Mechanic shop with two tenants in University Heights neighborhood.

Where is this auto shop located?

The property is located at 146 Hudson St Newark, NJ.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Prime location at the corner of Hudson Street and Hartford in University Heights.; Mechanic shop with two existing tenants.; Total building size approximately 4000 sqft.

146 Hudson St, Newark, NJ 07103

Mechanic shop with two tenants in University Heights neighborhood.

Property Features for 146 Hudson St

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Warehouse and Office in Newark

Newark Warehouse with Mechanic Shop

Newark City Income Property

Three-Story Multifamily Building

Spacious Newark City Triplex

Recently Renovated 3-Family Home

Downtown Newark Mixed-Use Redevelopment Opportunity

Newark Commercial Property with Storefronts

Newark Mixed-Use Commercial Opportunity

Income-Producing Two-Family Property

Newark Two-Family Investment Opportunity

Turnkey Newark Three-Family Investment Property

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