2113 Elizabeth Ave Rahway, NJ 07065
- Commercial real estate
- 2,832 SF
- 0.38 lot acres
Current Use by Public Records
- C & T Towing and Auto Repair / Auto Repair Shop / Auto Wrecker
- A&M REPAIR AND TOWING / Auto Repair Shop / Towing Service
Property Details for 2113 Elizabeth Ave
- Year built
- 1936
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.38 lot acres
- Property size
- 2,832 SF
- Property type
- Commercial real estate
- APN
- 13 00229-0000-00001
- APU
- 1300229000000001
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,360,000
- 6.5%
- $1,150,000
- 7%
- $1,240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,125,000
- Geo Method
- $1,470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,295,000
- Retail
- $1,410,000
- Mixed-Use
- $1,080,000
- Hospitality
- $1,450,000
- Educational
- $1,435,000
- Residential Income
- $1,190,000
- Energy
- $1,200,000
- Income-Based Land
- $1,140,000
- Food Service
- $1,070,000
Location Insight
- Map
- Local Demand
- City
- Rahway
- County
- Union
- State
- New Jersey
- Longitude
- -74.269
- Latitude
- 40.6147
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
