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    646-652 1St Ave Roselle, NJ 07203

    Sponsored
    For Sale
    $7,000,000

    7-Building Industrial Complex, High NOI

    Property size:
    25,574 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a multi-tenant industrial portfolio comprising seven buildings totaling 25,574 square feet of net rentable space situated on a 1.75-acre lot in Roselle, New Jersey. The property, zoned Industrial (I), boasts a strong net operating income (NOI) of $625,520. The portfolio includes a thriving self-service car wash business, adding significant value to the offering. All seven buildings are currently 100% leased to long-term tenants, ensuring a stable and predictable income stream. The property's strategic location offers easy access to major transportation arteries, including close proximity to the Garden State Parkway, less than two miles from Route 9, and less than five miles from the Route 287/I-95 interchange. Newark Liberty International Airport is approximately 12 miles away. The asking price is $7,000,000, with $6,000,000 allocated to the real estate and $1,000,000 for the car wash business. 2021 property taxes were $68,440.01. This is a rare opportunity to acquire a well-established, high-performing industrial portfolio with significant upside potential. The property is located at 646-652 1st Ave, Roselle, NJ 07203 (Block 6001, Lot 1).

    Property Features for 646-652 1St Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    25,574 SF
    Lot Size
    76,230 SF

    Building Details

    Buildings
    7
    Units
    7

    HighLights

    • Six‑building portfolio, 100% occupied.
    • Self‑service car wash business included in sale.
    • Benefit from long‑term, stable tenants.
    • 1.75‑acre lot (Block 6001, Lot 1).
    • Industrially zoned (I).
    • Annual property taxes: $68,440.01 (2021).
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roselle
    County
    Union
    State
    New Jersey
    Longitude
    -74.2825609
    Latitude
    40.6579402

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    FAQs

    What type of property is this?
    Automotive property - 7-Building Industrial Complex, High NOI
    Where is this automotive property located?
    The property is located at 646-652 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-building portfolio, 100% occupied.; Self-service car wash business included in sale.; Benefit from long-term, stable tenants.
    Request Owner's contact information
    646-652 1St Ave Roselle, NJ 07203
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    Roselle, NJ 07203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    646-652 1St Ave Roselle, NJ 07203
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