Phillipsburg Automotive Ready Commercial
56 Fox St Phillipsburg, NJ 08865
56 Fox St, Phillipsburg, NJ, 08865
Contact for pricing
For Sale
Contact for pricing
Pending
Versatile commercial property with automotive potential in Phillipsburg, NJ.
Property Size1,250 SF
Days on Market841
Property Features for 56 Fox St
General Information
- Standard status
- Pending
- Size
- 1,250 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1950
Listing Agency
Realty ONE Group Next Door
(908) 454-1717
Listed by
Michael Del Cioppo · License #NJ 1537096
Source
Crexi
Added: Mar 29, 2024 Checked: Jul 15 at 8:48 pm
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.
This versatile commercial property, located in Phillipsburg, presents an opportunity for various business ventures, particularly automotive repair. Situated within the B-4 Business - Central Business District Zone, the concrete block garage is equipped with a Bend Pak lift, making it suitable for automotive-related operations. The property benefits from upgraded electrical systems installed around 2001 and a newer roof. A new overhead door provides access, and a small office with a restroom is included. The parking lot accommodates approximately 6 to 8 cars. Permitted uses within the zone encompass a range of possibilities, including 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, with an approximate size of 1250 square feet, is being sold as-is and comes with a Certificate of Habitability from the Town of Phillipsburg.
Key Highlights
- Automotive Ready: Comes equipped with a Bend Pak lift, perfect for automotive repair.
- Versatile B‑4 Zoning: Explore diverse business opportunities including retail, restaurants, and offices.
- Ample Parking: Features a parking lot with space for 6‑8 cars.
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 | $22.5k | $18.00 |
| − Vacancy | −$2.0k | −$1.58 |
| EGI | $20.5k | $16.42 |
| − OpEx | −$6.2k | −$4.92 |
| NOI | $14.4k | $11.49 |
1,250 SF · lease $18.00/SF/yr · vacancy 8.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$388.4K
$339.8K – $453.1K
NOI $27,186 @ 7.0% cap · market cap 11.33%
Second Best
Retail
$205.2K
$179.6K – $239.4K
NOI $14,364 @ 7.0% cap · market cap 5.99%
Theoretical Best
Warehouse
$471.6K
$412.6K – $550.2K
NOI $33,011 @ 7.0% cap · market cap 13.75%
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 with automotive potential in Phillipsburg, NJ.
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: Comes equipped with a Bend Pak lift, perfect for automotive repair.; Versatile B‑4 Zoning: Explore diverse business opportunities including retail, restaurants, and offices.; Ample Parking: Features a parking lot with space for 6‑8 cars.
