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Property profile & analytics
FOR SALE
Commercial real estate

56 Fox St Phillipsburg, NJ 08865

0.07 ac lot
Individually Owned 26-yr Hold ~ Est. High Equity
Property ID
US59-0260695
Property summary
AI-generated overview

This exceptional 1,250-square-foot automotive repair shop, located at 56 FOX ST Unit 1, Phillipsburg, NJ, presents a fantastic opportunity for an entrepreneur. Situated on a 0.07-acre lot, the property boasts a sturdy concrete block construction, ideal for the demands of a busy automotive business. The shop is equipped with one Bend Pak lift, ensuring efficient vehicle servicing. Electrical upgrades were completed around 2001, providing a reliable power supply. A newer roof and a recently installed overhead door contribute to the overall excellent condition of the building. The property also includes a small office space for administrative tasks and a power room for essential utilities. Ample parking is available, with space for approximately six to eight vehicles. The property is being sold "as-is," with the seller providing a clear Certificate of Habitability from the town of Phillipsburg. This turnkey operation is ready for immediate occupancy and presents a rare opportunity to acquire an established business location in a desirable area. Square footage is approximate. Don't miss this chance to own a well-maintained and functional automotive repair shop.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction CONCRETE BLOCKS
Lot 0.07 ac (2,875 SF)
Zoning code B-4
APN 19 01509-0000-00004
UPID US59-0260695
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
Russel J Marion · 26 yrs held
Russel J Marion
since 2000
3 recorded transactions
2000
$45,000
1996
$85,000
1988
$80,000
Zoning & alternative use
B-4 · Phillipsburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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