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    3150 Bordentown Ave, Old Bridge, NJ

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    3-acre property with work bays and lifts for sale.

    Type:INDUSTRIAL
    Property size:
    35,000 SF
    Lot size:
    3.10 Acres
    Price / SF:
    $285/SF
    Added:
    Sep 18, 2024
    Days on Market:
    644
    Last Refresh:
    May 20 at 9:38 pm

    Property Features for 3150 Bordentown Ave

    General Information

    Standard status
    Active
    Size
    35,000 SF
    Lot size
    3.10 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Scott Geller
    Scott Geller

    Listing agent Scott Geller License #NJ:1649748

    Listing office Marcus & Millichap | New Jersey

    Listing date Sep 18, 2024

    Source Moodyscre

    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 Marcus & Millichap | New Jersey

    HighLights

    • 3 Acres of Industrial Outdoor Storage (IOS) & Parking
    • 7 Work Bays with Lifts
    • 24' Ft Clear Heights
    • Parking
    • Work Bays
    • Lifts

    Overview

    This property features 3 acres of improved outside storage (IOS) and parking. The structure includes 7 work bays equipped with lifts and 24-foot clear heights. It is located in Old Bridge, NJ.

    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 $756.0k $21.60
    − Vacancy −$42.3k −$1.21
    EGI $713.7k $20.39
    − OpEx −$214.1k −$6.12
    NOI $499.6k $14.27
    35,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $7.14M
    $6.24M – $8.33M (±1% cap)
    NOI $499,565 @ 7.0% cap · market cap 5.00%
    Second Best
    Industrial
    $5.61M
    $4.91M – $6.55M (±1% cap)
    NOI $392,849 @ 7.0% cap · market cap 3.93%
    Theoretical Best
    Office A
    $9.14M
    $8.00M – $10.66M (±1% cap)
    NOI $639,744 @ 7.0% cap · market cap 6.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fi Companies General Contractor J H Monteath ... Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Bob Nowicki Classic Cars — 776 Jernee Mill Rd, Sayreville, NJ 08872
    • TIGRAN TRUCKING INC — 3237 Bordentown Ave, Parlin, NJ 08859
    • Unique Wheel Repair — 776 Jernee Mill Rd Unit 110, Sayreville, NJ 08872
    • Unique Alloy Wheel Repair in South River — 776 jernee mill rd unit 110, sayreville, nj 08872
    • One Up One Down Mechanics — old bridge, nj 08857

    Location Insight

    • Map
    • Local Demand
    City
    Old Bridge
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3159
    Latitude
    40.4478

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    FAQs

    What type of property is this?
    Auto shop - 3-acre property with work bays and lifts for sale.
    Where is this auto shop located?
    The property is located at 3150 Bordentown Ave Old Bridge, NJ.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: 3 Acres of Industrial Outdoor Storage (IOS) & Parking; **7 Work Bays with Lifts**; 24' Ft Clear Heights
    (201) 742-6100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Geller
    Scott Geller
    Real Estate License ID: NJ:1649748
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