Automotive Garage with Oversized
New
For Sale
$285,000
64 High St, Ogdensburg, NJ 07439
A heated garage with overhead storage and a separate conditioned office trailer supports automotive operations.
Property Size1,040 SF
Price / SF$274.04
Days on Market2
Property Features for 64 High St
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Commercial
Additional Details
Automotive Uses
dealership/vehicle sales
Taxes and HOA fees
Annual Taxes
$5,130
Amenities
Hot air heat
Loft overhead storage
Office trailer with heat and A/C
Building Details
Building Size
1,040 SF
Year Built
1961
Stories
2
Units
2
Listed By:
KARL LUDWIG
(973) 627-6800
Source:
Elliman
Added: Oct 26
Last Checked: Oct 26 at 4:05PM
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 KARL LUDWIG
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Investment Insights
Based on property information with market context.
This automotive garage measures approximately 40 x 26 and has two oversized garage doors. Hot-air heat serves the garage, with loft space above for storage. An oil tank is positioned outside at the rear of the building, and a heated, air-conditioned office trailer is also on site. The building dates to 1961.
The property is at 64 High St in Ogdensburg, New Jersey. It is currently used by an antique car dealer; selling cars on the premises requires approval from the township and the State of New Jersey.
The property is at 64 High St in Ogdensburg, New Jersey. It is currently used by an antique car dealer; selling cars on the premises requires approval from the township and the State of New Jersey.
Key Highlights
- Automotive garage measuring approximately 40 x 26
- Two oversized garage doors
- Hot‑air heat in the garage and loft storage overhead
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,844
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,880
$296.9K
Cap Rate 7%
$212,057
$212.1K
Cap Rate 9%
$164,933
$164.9K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$22.5K $21.60/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$21.2K $20.39/SF
− OpEx
−$6.4K −$6.12/SF
NOI
$14.8K $14.27/SF
Area
Sussex 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%
$296,880
Cap Rate 7%
$212,057
Cap Rate 9%
$164,933
Alternative Uses
Best Use
Retail
$212.1K
$185.6K – $247.4K
NOI $14,844 @ 7.0% cap · market cap 5.21%
Second Best
Industrial
$166.8K
$145.9K – $194.6K
NOI $11,673 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$271.6K
$237.6K – $316.8K
NOI $19,010 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Dunkin' Donuts
Dining
6,389 visits/mo
0.1 miles
Demographics for 07439, NJ
2,258
Population
984
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
1,026
Density / Sq Mi
$104,946
Median Household Income
$55,607
Median Earnings
$1,390
Median Rent
$311,900
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Automotive property - A heated garage with overhead storage and a separate conditioned office trailer supports automotive operations.
Where is this automotive property located?
The property is located at 64 High St Ogdensburg, NJ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Automotive garage measuring approximately 40 x 26; Two oversized garage doors; Hot‑air heat in the garage and loft storage overhead
