260 Scott AveRahway, NJ 07065
- Other commercial real estate
- 1,506 SF
Property Details for 260 Scott Ave
- Year built
- 1957
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.41 AC
- Property size (Sq ft)
- 1,506 SF
- Property type
- Other commercial real estate
- APN
- 13 00225-0000-00008- 03
- APU
- 130022500000000803
Description
This exceptional Rahway, NJ commercial property presents a unique investment opportunity. Spanning 0.4 acres at 260 W Scott Ave, Unit 0, this multi-tenant building houses a thriving, turnkey mechanic shop complete with lifts and an established client base, ready for immediate operation by a new owner. Two additional tenants, a car wash and an auto dealership, occupy the remaining space under existing leases, providing a consistent rental income stream. The mechanic shop's financials are available upon request, offering transparency and supporting the property's strong financial performance. The property is zoned B1 (Neighborhood Business), a prime location for commercial ventures, fostering strong community engagement and potential for future expansion. Previous plans for condo development on this site highlight the area's growth potential and desirability. This property offers the new owner flexibility: continue operating the successful mechanic shop, lease it out for passive income, or explore future development options. The combination of established businesses and high-growth potential makes this a truly compelling investment opportunity in a thriving commercial area. The property is offered at $2,200,000.
Location Insight
- City
- Rahway
- County
- Union
- State
- New Jersey
- Latitude
- 40.6156
- Longitude
- -74.2729
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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