Six-Building Self Service Car Wash
For Sale
Contact for pricing
646-652 W 1st Ave, Roselle, NJ 07203
Six buildings are 100% leased and the property is zoned I for continued automotive-oriented use.
Property Size25,574 SF
Lot Size1.75 Acres
Price / SF$273.72
Days on Market77
Property Features for 646-652 W 1st Ave
General Information
Standard status
Active
Size
25,574 SF
Lot size
1.75 Acres
Property subtype
INDUSTRIAL
Zoning
I
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Buildings
6
Listing Agency:
The Blau & Berg Company
(973) 379-6644
Listed By:
Dylan P. Meade · License #2082622
(973) 464-4341
Source:
Moodyscre
Added: Jul 22
Changed: Sep 14
Last Checked: Oct 5 at 6:23PM
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 The Blau & Berg Company
Investment Insights
Based on property information with market context.
This self service car wash facility includes six buildings with 100% leased occupancy, plus one self service car wash business available for sale. The offering reflects long-term tenants, supporting a stabilized operational and leasing profile.
The site sits on a 1.75-acre lot (Block 6001, Lot 1) and has a total property size of 25,574 SF. The property is zoned I, providing an industrial land-use designation suited to automotive-related operations.
Additional on-site details are best reviewed directly to confirm tenant configurations and how the buildings align with specific car wash or service concepts within an I-zoned setting.
The site sits on a 1.75-acre lot (Block 6001, Lot 1) and has a total property size of 25,574 SF. The property is zoned I, providing an industrial land-use designation suited to automotive-related operations.
Additional on-site details are best reviewed directly to confirm tenant configurations and how the buildings align with specific car wash or service concepts within an I-zoned setting.
Key Highlights
- Six buildings with 100% leased occupancy
- Long‑term tenants
- One self service car wash business for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$391,098
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,821,960
$7.8M
Cap Rate 7%
$5,587,114
$5.6M
Cap Rate 9%
$4,345,533
$4.3M
Market Conditions
NOI Build-Up for 25,574 SF
Gross rent
$552.4K $21.60/SF
− Vacancy
−$30.9K −$1.21/SF
EGI
$521.5K $20.39/SF
− OpEx
−$130.4K −$5.10/SF
NOI
$391.1K $15.29/SF
Area
Union County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,821,960
Cap Rate 7%
$5,587,114
Cap Rate 9%
$4,345,533
Alternative Uses
Best Use
Specialty Retail
$5.59M
$4.89M – $6.52M
NOI $391,098 @ 7.0% cap · market cap 5.59%
Second Best
Retail
$5.21M
$4.56M – $6.08M
NOI $365,025 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$6.68M
$5.84M – $7.79M
NOI $467,452 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 24%
Home Improvements & Furnishings 1%
Wawa
Shops & Services
41,086 visits/mo
0.2 miles
QuickChek
Shops & Services
35,706 visits/mo
0.4 miles
Starbucks
Dining
13,899 visits/mo
0.5 miles
BP
Shops & Services
9,772 visits/mo
0.2 miles
Burger King
Dining
7,849 visits/mo
0.2 miles
Demographics for 07203, NJ
22,715
Population
8,430
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
85%
High-School Grad
2.6 sq mi
ZIP Area
8,737
Density / Sq Mi
$82,967
Median Household Income
$45,458
Median Earnings
$1,499
Median Rent
$336,500
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Six buildings are 100% leased and the property is zoned I for continued automotive-oriented use.
Where is this self service car wash located?
The property is located at 646-652 W 1st Ave Roselle, NJ.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Six buildings with 100% leased occupancy; Long‑term tenants; One self service car wash business for sale
