Established Auto Repair Shop For
28 -30 Passaic St Trenton, NJ 08618
28 -30 Passaic St, Trenton, NJ, 08618
$749,000
For Sale
$749,000
Turnkey auto repair shop with five service bays for sale.
Property Size4,120 SF
Lot Size0.23 Acres
Price / SF$181.80
Days on Market199
Property Features for 28 -30 Passaic St
General Information
- Standard status
- Active
- Size
- 4,120 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
WEICHERT REALTORS-PRINCETON JUNCTION
(609) 799-3500
Listed by
KARLA ROMAN
Source
Corcoran
Added: Jan 1 Checked: Jul 19 at 4:39 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-PRINCETON JUNCTION
Investment Insights
Based on property information with market context.
This well-established auto repair shop is a longstanding location with a strong community presence. The property features a 4,120 square foot solid brick building with 5 service bays, equipped with 3 operating vehicle lifts and oil/water drains. It also includes a private office. Situated on a 100 x 100 lot, the property provides ample space for parking and maneuvering. It is strategically located near public transportation options, including a bus stop less than a mile away and a metro station within three miles. The property is located in an Urban Enterprise Zone.
Key Highlights
- Turnkey auto repair shop ready for immediate operation.
- Solid brick building offering 4,120 SF with 5 service bays and 3 operating vehicle lifts.
- Longstanding location with a strong community presence.
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 | $92.5k | $22.44 |
| − Vacancy | −$4.4k | −$1.08 |
| EGI | $88.0k | $21.36 |
| − OpEx | −$26.4k | −$6.41 |
| NOI | $61.6k | $14.95 |
4,120 SF · lease $22.44/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.10M
$963.5K – $1.28M
NOI $77,079 @ 7.0% cap · market cap 10.29%
Second Best
Retail
$880.2K
$770.1K – $1.03M
NOI $61,611 @ 7.0% cap · market cap 8.23%
Theoretical Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,789 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- D S — Trenton, NJ 08608
- Gentry Honed Towing Company — 26 W Lafayette St, Trenton, NJ 08608
- Auto Glass Trenton — 239 jackson st, trenton, nj 08611
- Trenton Mobile Truck Repair — 457 s broad st, trenton, nj 08611
- AAMCO Transmissions & Total Car Care — 108 E Trenton Ave, Morrisville, PA 19067
FAQs
What type of property is this?
Auto shop - Turnkey auto repair shop with five service bays for sale.
Where is this auto shop located?
The property is located at 28 -30 Passaic St Trenton, NJ.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Turnkey auto repair shop ready for immediate operation.; Solid brick building offering 4,120 SF with 5 service bays and 3 operating vehicle lifts.; Longstanding location with a strong community presence.
