Phillipsburg Commercial Property with Automotive
For Sale
$240,000
56 Fox St, Phillipsburg, NJ 08865
Versatile commercial property in Phillipsburg, ready for automotive or retail.
Property Size1,000 SF
Price / SF$240
Days on Market504
Property Features for 56 Fox St
General Information
Standard status
Active
Size
1,000 SF
Taxes and HOA fees
Annual Taxes
$6,199
Building Details
Year Built
1950
Listing Agency:
REALTY ONE GROUP NEXT DOOR
Listed By:
MICHAEL DEL CIOPPO
(908) 777-0599
Source:
Corcoran
Added: Jun 3, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 REALTY ONE GROUP NEXT DOOR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Phillipsburg, this versatile commercial property is situated within the B-4 Business - Central Business District Zone, making it suitable for a wide range of permitted uses. The concrete block garage is equipped with a Bend Pak lift, making it ready for an automotive repair business. The property features updated electrical systems from around 2001 and a newer roof. A new overhead door provides convenient access, and there is a small office with a restroom. The parking lot can accommodate 6-8 cars. Permitted uses include retail shops, personal services, restaurants, taverns, brewpubs, offices, cultural and educational facilities, studios, churches, public buildings, medical and dental clinics/labs, small businesses, residential or office space above business, business services, and theaters. The property is approximately 1000 square feet and is being sold as-is, with a clear Certificate of Habitability from the Town of Phillipsburg.
Key Highlights
- Automotive Ready: Includes a Bend Pak lift, ideal for an automotive repair business.
- Versatile B‑4 Zoning: Permitted uses include retail, restaurants, offices, medical clinics, and more.
- Ample Parking: Features a parking lot that accommodates 6‑8 cars.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,749
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,980
$435.0K
Cap Rate 7%
$310,700
$310.7K
Cap Rate 9%
$241,656
$241.7K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$33.5K $33.48/SF
− Vacancy
−$2.4K −$2.41/SF
EGI
$31.1K $31.07/SF
− OpEx
−$9.3K −$9.32/SF
NOI
$21.7K $21.75/SF
Area
Warren County, NJ
Vacancy
7.20%
Lease Rate
$33.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,980
Cap Rate 7%
$310,700
Cap Rate 9%
$241,656
Alternative Uses
Best Use
Industrial
$310.7K
$271.9K – $362.5K
NOI $21,749 @ 7.0% cap · market cap 9.06%
Second Best
Retail
$164.2K
$143.6K – $191.5K
NOI $11,491 @ 7.0% cap · market cap 4.79%
Theoretical Best
Warehouse
$377.3K
$330.1K – $440.2K
NOI $26,409 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08865, NJ
30,537
Population
14,146
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
736
Density / Sq Mi
$78,519
Median Household Income
$49,811
Median Earnings
$1,248
Median Rent
$244,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Easton Truck & Trailer Repair — 660 S Main St, Phillipsburg, NJ 08865
- South Main Wheel Alignment — 737 s main st, phillipsburg, nj 08865
- Beavers Truck Parts — 74 Stockton St, Phillipsburg, NJ 08865
- Judy's Auto Repair — 689 S Main St, Phillipsburg, NJ 08865
- Johnny's Automotive & Truck — 290 S Main St, Phillipsburg, NJ 08865
Frequently Asked Questions
What type of property is this?
Auto shop - Versatile commercial property in Phillipsburg, ready for automotive or retail.
Where is this auto shop located?
The property is located at 56 Fox St Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Automotive Ready: Includes a Bend Pak lift, ideal for an automotive repair business.; Versatile B‑4 Zoning: Permitted uses include retail, restaurants, offices, medical clinics, and more.; Ample Parking: Features a parking lot that accommodates 6‑8 cars.
