Mixed-Use Auto Repair and
81 Wabash Ave Clifton, NJ 07011
81 Wabash Ave, Clifton, NJ, 07011
$2,500,000
For Sale
$2,500,000
Two-story building combines ground-floor auto repair with five upper office suites.
Property Size8,000 SF
Price / SF$312.50
Days on Market8
Property Features for 81 Wabash Ave
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
ARCADIA, REALTORS
(973) 228-7060
Listed by
PAUL MERINO
Source
Corcoran
Added: Jul 14 Updated: Jul 20 at 2:19 am Checked: Jul 20 at 2:19 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 ARCADIA, REALTORS
Investment Insights
Based on property information with market context.
This well maintained two-story block building offers a mixed-use layout with approximately 4,000 square feet per floor footprint. The ground floor is currently used for auto repair under EuroPerformance. The top floor contains five office suites, sized at approximately 450 to 620 square feet each.
The property is offered for sale. It is located at 81 Wabash Ave in Clifton City, New Jersey.
As configured, the building provides dedicated space for automotive service below and multiple individual office units above, making it suitable for buyers seeking an on-site business with income-producing office suites.
The property is offered for sale. It is located at 81 Wabash Ave in Clifton City, New Jersey.
As configured, the building provides dedicated space for automotive service below and multiple individual office units above, making it suitable for buyers seeking an on-site business with income-producing office suites.
Key Highlights
- 1950‑built two‑story block building with a 4,000 SF footprint
- Ground floor is used for auto repair (EuroPerformance)
- Top floor features five office suites
Local Financial Insights For Office B
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 | $240.0k | $30.00 |
| − Vacancy | −$76.8k | −$9.60 |
| EGI | $163.2k | $20.40 |
| − OpEx | −$40.8k | −$5.10 |
| NOI | $122.4k | $15.30 |
8,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,400 @ 7.0% cap · market cap 4.90%
Second Best
Retail
$1.63M
$1.43M – $1.90M
NOI $114,186 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,227 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dental & Medical Career ...
Charitable Organization
Similar For Sale Nearby
Similar Off Market Nearby
- Oilpit Express Corporation — 532 Lexington Ave, Clifton, NJ 07011
- TFI Fleet Maintenance — 620 US-46, Clifton, NJ 07013
- George Auto Service — 1260 Main Ave, Clifton, NJ 07011
- Backyardtints Clifton — 180 Getty Ave, Clifton, NJ 07011
- Oil & Filter Exchange — 471 Piaget Ave, Clifton, NJ 07011
FAQs
What type of property is this?
Auto shop - Two-story building combines ground-floor auto repair with five upper office suites.
Where is this auto shop located?
The property is located at 81 Wabash Ave Clifton, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1950‑built two‑story block building with a 4,000 SF footprint; Ground floor is used for auto repair (EuroPerformance); Top floor features five office suites
