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    Prime Corner Mechanic Shop Opportunity Title is generated by Realmo AI

    146 -148 Hudson St, Newark, NJ 07103

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    For Sale
    $775,000

    Mechanic shop in Newark's University Heights neighborhood for sale.

    Type:Commercial
    Property size:
    3,600 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $215/SF
    Added:
    Jan 20, 2026
    Days on Market:
    135
    Last Refresh:
    Apr 5 at 9:09 pm

    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

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    Listing Contact
    AUGUSTO VERISSIMO

    Listing agent AUGUSTO VERISSIMO

    Listing office WEICHERT REALTORS - HOME CITY

    Listing date Jan 20, 2026

    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 corner location with high visibility
    • Two separate tenant spaces totaling approximately 4,000 sq ft
    • Located in Newark's Central Ward - University Heights neighborhood
    • Hudson Street frontage: approximately 2,000 sq ft plus 300 sq ft office space
    • Hartford Street frontage: approximately 1,500 sq ft
    • Lot size: approximately 6,000 sq ft (60 ft x 100 ft)

    Overview

    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.

    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 7.45%
    Second Best
    Industrial
    $609.8K
    $533.6K – $711.4K (±1% cap)
    NOI $42,684 @ 7.0% cap · market cap 5.51%
    Theoretical Best
    Office A
    $1.29M
    $1.13M – $1.50M (±1% cap)
    NOI $90,132 @ 7.0% cap · market cap 11.63%
    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 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
    More about this property
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