Elizabeth Ave Rahway, NJ 07065
- Industrial properties
- 0.38 lot acres
Current Use by Public Records
- Industrial properties
Property Details for Elizabeth Ave
- Year built
- 1936
- Lot size
- 0.38 lot acres
- Property type
- Industrial properties
Description
This fully operational auto repair and towing business in Rahway, NJ, presents a unique investment opportunity. Situated on a sizable 0.38-acre lot (16,750 square feet), the 4,000-square-foot building boasts three indoor service bays, including a four-post alignment lift with cutting-edge technology. The property features 3-phase electric service, accommodating a wide range of power tools. Client comfort is ensured with a waiting area and attached restroom. Administrative space includes a spacious reception office, a main office, and a staff kitchenette. The business enjoys strong supplier relationships and competitive pricing, offering significant growth potential. A diverse range of services is currently offered, supported by advanced equipment and tools. The property's adaptability 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, minimizing immediate maintenance concerns. Priced at $1,650,000, this turnkey operation offers a compelling blend of established business and real estate value in a prime location. This is an exceptional opportunity for an entrepreneur seeking an established business with growth potential or an investor looking for a strong return on investment in a desirable market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rahway
- County
- Union
- State
- New Jersey
- Longitude
- -74.2762
- Latitude
- 40.6095
