709-711 Rahway Ave Elizabeth, NJ 07202
- Retail properties
- 3,500 SF
Current Use by Public Records
- S&A Auto Sales / Used Car Dealer / Car Dealer
Property Details for 709-711 Rahway Ave
- Property size
- 3,500 SF
- Property type
- Retail properties
Description
This established used car dealership in Elizabeth, New Jersey, presents a compelling investment opportunity. Located at 709-711 Rahway Ave, 07202, this 3,500 square foot property boasts a prime location off Elmora Avenue. The business, S & A Auto Sales, has been operating successfully for 12 years. The asking price is $150,000, translating to $42.86 per square foot. The property includes ample parking for 20-25 vehicles. The lease expires June 1st, 2028, leaving a remaining term of 3 years. All cars sold within a year receive a year of free maintenance (oil change, tire rotation, and computerized alignment). The current car inventory is available for sale at book value, if desired. This high-traffic, reputable business is ready for a new owner to build upon its existing success. The property is situated in Union County, New Jersey, offering excellent access to major roadways and a strong customer base. This is an exceptional chance to acquire a well-established business with significant growth potential.
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
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.2299
- Latitude
- 40.6562
