Automotive Garage with Leased
805 Amboy Ave Perth Amboy, NJ 08861
805 Amboy Ave, Perth Amboy, NJ, 08861
$685,000
For Sale
$685,000
Successful garage includes an upstairs tenant with an active lease through March 2025.
Property Size3,236 SF
Price / SF$211.68
Days on Market881
Property Features for 805 Amboy Ave
General Information
- Standard status
- Active
- Size
- 3,236 SF
Listing agency
J.J. ELEK REALTY CO.
Listed by
JEFFREY C. STEUBER
Source
Exprealty
Added: Feb 21, 2024 Updated: Jul 20 at 7:32PM Checked: Jul 20 at 7:32PM
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 J.J. ELEK REALTY CO.
Investment Insights
Based on property information with market context.
This for-sale automotive garage has been in operation for over 25 years and features a second-level leased space. The upstairs tenant is currently under lease through March 2025, providing an income stream during the ownership period. Tenant payments are $1,300 per month, plus utilities.
The property is located at 805 Amboy Ave in Perth Amboy, New Jersey.
With the combination of an operating garage and a leased upstairs tenant, the property offers a two-level setup designed to support both business continuity and rental income.
The property is located at 805 Amboy Ave in Perth Amboy, New Jersey.
With the combination of an operating garage and a leased upstairs tenant, the property offers a two-level setup designed to support both business continuity and rental income.
Key Highlights
- Successful garage business operating for over 25 years
- Upstairs tenant has an active lease through March 2025
- Tenant rent is $1,300 per month, plus utilities
Local 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 | $69.9k | $21.60 |
| − Vacancy | −$3.9k | −$1.21 |
| EGI | $66.0k | $20.39 |
| − OpEx | −$19.8k | −$6.12 |
| NOI | $46.2k | $14.27 |
3,236 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$659.8K
$577.4K – $769.8K
NOI $46,188 @ 7.0% cap · market cap 6.74%
Second Best
Industrial
$518.9K
$454.0K – $605.4K
NOI $36,322 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$845.0K
$739.4K – $985.8K
NOI $59,149 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Barry-Livres Foreign Auto ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Deepa Auto Body — 402 New Brunswick Ave, Perth Amboy, NJ 08861
- Ej Glass — 417 New Brunswick Ave, Perth Amboy, NJ 08861
- Sebastian Racing Inc — 409 New Brunswick Ave, Perth Amboy, NJ 08861
- NBA Auto Collision Repair LLC — 431 New Brunswick Ave, Perth Amboy, NJ 08861
- J & R Auto Body Masters — 402 New Brunswick Ave, Perth Amboy, NJ 08861
FAQs
What type of property is this?
Auto shop - Successful garage includes an upstairs tenant with an active lease through March 2025.
Where is this auto shop located?
The property is located at 805 Amboy Ave Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Successful garage business operating for over 25 years; Upstairs tenant has an active lease through March 2025; Tenant rent is $1,300 per month, plus utilities
