Automotive Service
For Sale
$3,500,000
28 S Livingston Avenue #0000, Livingston, NJ 07039
Two adjacent commercial properties combine substantial frontage with existing building space in Livingston’s central business zone.
Property Size7,920 SF
Lot Size0.94 Acres
Price / SF$441.92
Days on Market98
Property Features for 28 S Livingston Avenue #0000
General Information
Standard status
Active
Size
7,920 SF
Lot size
0.94 Acres
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Land
Topography
level
Land Use
commercial
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair
Building Details
Year Built
1934
Buildings
2
Stories
2
Listing Agency:
Corcoran Sawyer Smith
(201) 653-8000
Listed By:
Diana Frankel · License #8643530 (NJ)
(973) 632-9299
Source:
Arcadiarealtors
Added: Jul 30
Changed: Nov 2
Last Checked: Nov 3 at 12:27PM
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 Corcoran Sawyer Smith
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The sale includes two adjoining commercial properties with structures of approximately 2,368 square feet and 5,552 square feet. The buildings are included, while the operating business is excluded. The structures date to 1934, and the parcels are being conveyed together for their land and improvements.
The properties offer more than 200 feet of frontage along S. Livingston Avenue in Livingston’s central business zone. They are near the intersection of Route 10 and East and West Mt. Pleasant Avenues, as well as North and South Livingston Avenues. Retail, restaurants, public transportation and major highways are in close proximity.
The properties offer more than 200 feet of frontage along S. Livingston Avenue in Livingston’s central business zone. They are near the intersection of Route 10 and East and West Mt. Pleasant Avenues, as well as North and South Livingston Avenues. Retail, restaurants, public transportation and major highways are in close proximity.
Key Highlights
- Two adjacent properties sold together, with buildings included and the business excluded
- Structures measure approximately 2,368 square feet and 5,552 square feet
- More than 200 feet of frontage on S. Livingston Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,044
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,260,880
$2.3M
Cap Rate 7%
$1,614,914
$1.6M
Cap Rate 9%
$1,256,044
$1.3M
Market Conditions
NOI Build-Up for 7,920 SF
Gross rent
$171.1K $21.60/SF
− Vacancy
−$9.6K −$1.21/SF
EGI
$161.5K $20.39/SF
− OpEx
−$48.4K −$6.12/SF
NOI
$113.0K $14.27/SF
Area
Essex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,260,880
Cap Rate 7%
$1,614,914
Cap Rate 9%
$1,256,044
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $113,044 @ 7.0% cap · market cap 3.23%
Second Best
Industrial
$1.30M
$1.13M – $1.51M
NOI $90,755 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,765 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
50k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 14%
Electronics 2%
Home Improvements & Furnishings 2%
Chase Bank
Shops & Services
8,114 visits/mo
0.2 miles
TD Bank
Shops & Services
6,980 visits/mo
0.3 miles
Shell
Shops & Services
5,848 visits/mo
0.2 miles
Sunoco
Shops & Services
4,310 visits/mo
0.5 miles
Starbucks
Dining
4,070 visits/mo
0.1 miles
Demographics for 07039, NJ
31,325
Population
10,684
Households
2.9
Avg Household Size
43
Median Age
73%
College-Educated
96%
High-School Grad
13.8 sq mi
ZIP Area
2,270
Density / Sq Mi
$218,416
Median Household Income
$111,109
Median Earnings
$2,953
Median Rent
$746,100
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
- Pomeroy's Garage — 18 W Cedar St, Livingston, NJ 07039
- Point Service Center — 37 W Mt Pleasant Ave, Livingston, NJ 07039
- Panek's Service Center Inc — 16 S Livingston Ave, Livingston, NJ 07039
- Auto Service — 124 W Mt Pleasant Ave, Livingston, NJ 07039
- Firestone Complete Auto Care — 79 E Mt Pleasant Ave, Livingston, NJ 07039
Frequently Asked Questions
What type of property is this?
Auto shop - Two adjacent commercial properties combine substantial frontage with existing building space in Livingston’s central business zone.
Where is this auto shop located?
The property is located at 28 S Livingston Avenue #0000 Livingston, NJ.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two adjacent properties sold together, with buildings included and the business excluded; Structures measure approximately 2,368 square feet and 5,552 square feet; More than 200 feet of frontage on S. Livingston Avenue
