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    OFF-MARKET
    Gas stations

    1066 Westfield Ave, Rahway, NJ 07065-2041

    0.11 ac lot Built 1930
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US59-1388922
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1066 Westfield Avenue in Rahway City, New Jersey, presents a unique investment opportunity. The 990-square-foot building sits on a 0.1-acre lot and is ideally situated near the intersection of Westfield Avenue and Broadway/Madison Avenue, ensuring high visibility and accessibility. Currently configured as a tire shop, the property boasts a recent top-to-bottom renovation, including a new roof, doors, and windows, updated electrical systems with LED lighting, and a new office with a half-bath. The interior features two heated and air-conditioned bays, providing ample workspace. Extensive parking is available, accommodating ten or more vehicles in the front and additional space at the rear. The property's strategic location within a high-traffic area guarantees consistent customer flow and substantial revenue potential. The asking price of $850,000 includes the real estate. This is a turnkey operation ready for immediate occupancy or further development. The property's zip code is 07065-2041, and it is located in Union County, New Jersey. This is an excellent opportunity to acquire a well-maintained, high-traffic commercial property in a desirable location.

    Property profile
    Verified
    Property type Gas stations
    Use group SERVICE STATION (FULL SERVICE)
    Year built 1930
    Construction CONCRETE BLOCKS
    Lot 0.11 ac (4,918 SF)
    APN 13 00187-0000-00001
    UPID US59-1388922
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Blue Line Properties LLC · 3 yrs held
    Blue Line Properties LLC
    since 2022
    Last sale
    $400,000
    1 recorded transaction
    2022
    $400,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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