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    835 Roosevelt Ave Carteret, NJ 07008

    For Lease
    Contact for pricing

    4,624 sq ft Auto Service Bay Ready

    Lot size:
    4,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,624-square-foot retail space, located at 835 Roosevelt Avenue in Carteret, New Jersey, presents a unique investment opportunity. Previously occupied by an AAMCO, the property is fully fitted out for an auto service facility, featuring five service bays, ready for immediate occupancy. Situated at a high-traffic entrance to Carteret, easily accessible from the Turnpike Exit 12 and benefiting from two traffic signals, this location offers unparalleled visibility and accessibility. The property is part of the Plaza 12 Shopping Center, boasting a strong tenant mix including AutoZone, McDonald's, T-Mobile, Walgreens, ShopRite, Dollar Tree, and Pep Boys, ensuring high foot traffic and brand recognition. The Carteret zip code (07008) has a substantial population of 25,516 residents and 7,120 employees, providing a large potential customer base. The space is offered in "as-is" condition. The asking rent is $16 per square foot net, with estimated NNN expenses of $6.53 per square foot for common area maintenance, $5.19 per square foot for taxes, and $0.95 per square foot for insurance. This property is ideal for an established or emerging auto service business seeking a high-visibility location in a thriving retail center. Don't miss this chance to secure a prime retail space in a densely populated area with excellent access and strong neighboring businesses.

    Property Features for 835 Roosevelt Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,624 SF

    Unit(s) available at that property

    Space
    Size
    4,624 SF

    HighLights

    • 4,624 SF retail space at 835 Roosevelt Avenue, Carteret, NJ.
    • Fully fitted‑out auto service facility with five bays, ready for immediate occupancy.
    • High‑traffic location at Turnpike Exit 12, excellent visibility and accessibility.
    • Located in Plaza 12 Shopping Center with strong co‑tenancy (AutoZone, McDonald's, etc.).
    • Asking rent: $16/SF NNN ($6.53 CAM, $5.19 taxes, $0.95 insurance).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carteret
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2301298
    Latitude
    40.5903004

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    FAQs

    What type of property is this?
    Restaurant - 4,624 sq ft Auto Service Bay Ready
    Where is this restaurant located?
    The property is located at 835 Roosevelt Ave Carteret, NJ.
    What are key features of this property?
    This property features: 4,624 SF retail space at 835 Roosevelt Avenue, Carteret, NJ.; Fully fitted-out auto service facility with five bays, ready for immediate occupancy.; High-traffic location at Turnpike Exit 12, excellent visibility and accessibility.
    Request Owner's contact information
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    Carteret, NJ 07008
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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
    835 Roosevelt Ave Carteret, NJ 07008
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