Gas Station and Auto
For Sale
$1,199,000
93 Union, Paterson, NJ 07502
Gas station and auto shop with recent upgrades for sale.
Property Size5,100 SF
Lot Size0.13 Acres
Days on Market210
Property Features for 93 Union
General Information
Standard status
Active
Size
5,100 SF
Lot size
0.13 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,053
Building Details
Building Size
5,100 SF
Year Built
1950
Stories
1
Units
1
Listed By:
JOSEPH MASTROPOLE
Source:
Elliman
Added: Mar 12
Changed: Oct 3
Last Checked: Oct 5 at 7:19PM
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 JOSEPH MASTROPOLE
Investment Insights
Based on property information with market context.
The property features a gas station with recently installed Wayne pumps equipped with EMV and a Ruby2 system. There are two 8,000-gallon tanks, with one split into 6,000-gallon and 2,000-gallon compartments, the latter used for diesel. The gas station has a separate entrance. The workshop includes three bays, two 4-post Rotary lifts (one for alignment), and one 2-post lift. A John Bean alignment machine is installed. Heating for the workshop is provided by a waste oil heater. Four above-ground tanks are installed for storing waste oil and new engine oil. All items, including tire machines, are included in the sale. If rented, the workshop could potentially generate $5,500 in rent. There is a separate reception area for the workshop and a manager's office. The property is located in Paterson, NJ.
Key Highlights
- Operating gas station with recently installed Wayne pumps, EMV, and Ruby2 system.
- Workshop with 3 bays, including two 4‑post Rotary lifts (one alignment lift) and one 2‑post lift.
- Includes John Bean alignment machine and tire machines.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,993
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,860
$1.6M
Cap Rate 7%
$1,114,186
$1.1M
Cap Rate 9%
$866,589
$866.6K
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$110.2K $21.60/SF
− Vacancy
−$6.2K −$1.21/SF
EGI
$104.0K $20.39/SF
− OpEx
−$26.0K −$5.10/SF
NOI
$78.0K $15.29/SF
Area
Paterson, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,860
Cap Rate 7%
$1,114,186
Cap Rate 9%
$866,589
Alternative Uses
Best Use
Specialty Retail
$1.11M
$974.9K – $1.30M
NOI $77,993 @ 7.0% cap · market cap 6.50%
Second Best
Retail
$1.04M
$909.9K – $1.21M
NOI $72,794 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,220 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
QuickChek
Shops & Services
17,309 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,218 visits/mo
0.2 miles
Playa Bowls
Dining
1,487 visits/mo
0.4 miles
Demographics for 07502, NJ
16,592
Population
4,861
Households
3.4
Avg Household Size
35
Median Age
17%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
18,436
Density / Sq Mi
$68,649
Median Household Income
$32,407
Median Earnings
$1,492
Median Rent
$347,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Gas station - Gas station and auto shop with recent upgrades for sale.
Where is this gas station located?
The property is located at 93 Union Paterson, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Operating gas station with recently installed Wayne pumps, EMV, and Ruby2 system.; Workshop with 3 bays, including **two 4‑post Rotary lifts (one alignment lift) and one 2‑post lift.**; Includes **John Bean alignment machine and tire machines.**
