For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mechanic Shop in University Heights Title is generated by Realmo AI

    146 Hudson St, Newark, NJ 07103

    View on Map
    Claim this Listing
    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
    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 (±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

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    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

    FAQs

    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.
    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