Commercial Garage Mechanical
478 Main St Paterson, NJ 07501
For Sale
$390,000
Commercial garage currently used as a mechanical shop.
Property Size1,232 SF
Lot Size0.05 Acres
Price / SF$316.56
Days on Market205
Property Features for 478 Main St
General Information
Standard status
Active
Size
1,232 SF
Lot size
0.05 Acres
Property subtype
Commercial
Building Details
Year Built
1978
Listing Agency:
WEICHERT REALTORS
(201) 333-4443
Listed By:
SANDY CUEVAS · License #300178
Source:
Corcoran
Added: Jan 6
Changed: Jul 6
Last Checked: Jul 29 at 9:18AM
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
Investment Insights
Based on property information with market context.
This commercial garage, currently operating as a mechanical shop, offers 1,232 square feet of space. The building dimensions are 24 feet by 88 feet. It is available for purchase as a package deal with a mixed-use property located at 480 Main St, Paterson, NJ.
Key Highlights
- Large 24X88 commercial garage, ideal for various business ventures.
- Currently used as a mechanical shop.
- Built in 1978.
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 | $26.6k | $21.60 |
| − Vacancy | −$1.5k | −$1.21 |
| EGI | $25.1k | $20.39 |
| − OpEx | −$7.5k | −$6.12 |
| NOI | $17.6k | $14.27 |
1,232 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$251.2K
$219.8K – $293.1K
NOI $17,585 @ 7.0% cap · market cap 4.51%
Second Best
Industrial
$200.1K
$175.1K – $233.5K
NOI $14,008 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$321.7K
$281.5K – $375.3K
NOI $22,519 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- A Unique Approach Realty — 70 Canal St, Paterson, NJ 07503
- prestige mercedes auto body & sales LLC — 75 N Barclay St, Paterson, NJ 07503
- Cousins' Auto Service Center — 40 Camden St, Paterson, NJ 07503
- MOCA AUTO REPAIR 4 — 13 N Barclay St, Paterson, NJ 07503
- Done Well Trailer & Body - Paterson, NJ — 70 Canal St, Paterson, NJ 07503
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial garage currently used as a mechanical shop.
Where is this auto shop located?
The property is located at 478 Main St Paterson, NJ.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Large 24X88 commercial garage, ideal for various business ventures.; Currently used as a mechanical shop.; Built in 1978.
