Phillipsburg Commercial Property with Automotive
56 Fox St Phillipsburg, NJ 08865
56 Fox St, Phillipsburg, NJ, 08865
$240,000
For Sale
$240,000
Versatile commercial property in Phillipsburg, ready for automotive or retail.
Property Size1,000 SF
Price / SF$240
Days on Market414
Property Features for 56 Fox St
General Information
- Standard status
- Active
- Size
- 1,000 SF
Building Details
- Year Built
- 1950
Listing Agency
REALTY ONE GROUP NEXT DOOR
(908) 777-0599
Listed by
MICHAEL DEL CIOPPO
Source
Corcoran
Added: Jun 3, 2025 Updated: Mar 16 at 9:08 am Checked: Mar 16 at 9:08 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 REALTY ONE GROUP NEXT DOOR
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.
Local Financial Insights For Industrial
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 | $33.5k | $33.48 |
| − Vacancy | −$2.4k | −$2.41 |
| EGI | $31.1k | $31.07 |
| − OpEx | −$9.3k | −$9.32 |
| NOI | $21.7k | $21.75 |
1,000 SF · lease $33.48/SF/yr · vacancy 7.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Easton Truck & Trailer Repair — 660 S Main St, Phillipsburg, NJ 08865
- Johnny's Automotive & Truck — 290 S Main St, Phillipsburg, NJ 08865
- Judy's Auto Repair — 689 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
FAQs
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.
