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    2113 Elizabeth Ave Rahway, NJ 07065

    Sponsored
    For Sale
    $1,650,000

    Prime Rahway auto shop, 4,000 sq ft, high revenue.

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Rahway, New Jersey industrial property, located at 2113 Elizabeth Avenue, presents a unique investment opportunity. The 4,000 square foot building, constructed in 1936, sits on a 0.385-acre lot and is currently configured as a fully operational auto repair shop and towing business. The property boasts three indoor service bays, including a four-post alignment lift with state-of-the-art technology, ensuring efficient and precise vehicle maintenance. Three-phase electric service provides ample power for a wide range of tools and equipment. The building also includes a customer waiting area with an attached restroom, a spacious reception office, a main office, and a staff kitchenette. The existing business offers competitive pricing and established supplier relationships, presenting significant growth potential. The adaptable space allows for continued operation as a high-revenue repair shop or repurposing to suit alternative business needs. The roof is only a few years old. This property is zoned for industrial and special purpose uses. The asking price is $1,650,000. The property is located in Union County, New Jersey, zip code 07065.

    Property Features for 2113 Elizabeth Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    4,000 SF

    Building Details

    Year Built
    1936
    Stories
    1

    HighLights

    • $1,650,000 asking price for a 4,000 SF industrial property.
    • Located at 2113 Elizabeth Avenue, Rahway, NJ 07065.
    • Features a fully operational auto repair shop and towing business.
    • Includes three indoor service bays, a four‑post alignment lift, and three‑phase electric.
    • Offers a spacious reception area, offices, and a kitchenette.
    Property Profile Location Intelligence

    Current Use by Public Records

    C & T Towing ... Auto Repair Shop A&M REPAIR AND TOWING Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rahway
    County
    Union
    State
    New Jersey
    Longitude
    -74.2690013
    Latitude
    40.6146424

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    FAQs

    What type of property is this?
    Automotive property - Prime Rahway auto shop, 4,000 sq ft, high revenue.
    Where is this automotive property located?
    The property is located at 2113 Elizabeth Ave Rahway, NJ.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: $1,650,000 asking price for a 4,000 SF industrial property.; Located at 2113 Elizabeth Avenue, Rahway, NJ 07065.; Features a fully operational auto repair shop and towing business.
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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
    2113 Elizabeth Ave Rahway, NJ 07065
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