57 Morristown Rd Bernardsville, NJ 07924
- Commercial real estate
- 2,700 SF
- 0.21 lot acres
Current Use by Public Records
- Lowrie Auto Body / Auto Body Shop
- Pace Collision Services, Inc. / Auto Repair Shop
Property Details for 57 Morristown Rd
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.21 lot acres
- Property size
- 2,700 SF
- Zone code
- D-CO
- Property type
- Commercial real estate
- APN
- 03 00125-0000-00012
- APU
- 300125000000012
Description
This exceptional business opportunity presents a chance to acquire a thriving auto body shop and collision repair center in the desirable Bernardsville, NJ market. The business enjoys a long-term lease on the property, ensuring operational stability and minimizing long-term real estate concerns. The shop is ideally situated with ample parking, boasting 25 spaces for customer and employee convenience. This allows for efficient workflow and comfortable client experience. The existing business is well-established, providing a solid foundation for continued success and immediate revenue generation. The asking price of $500,000 represents a compelling investment in a proven, profitable enterprise. This turnkey operation offers a rare opportunity for an experienced entrepreneur or investor seeking a profitable venture in a strong market. The substantial parking provision is a significant advantage, differentiating this business from competitors and enhancing its appeal to customers. The long-term lease provides security and predictability, allowing for focused attention on business operations and growth strategies. This is a unique opportunity to acquire a well-established business with significant potential for future expansion and profitability within a thriving community. Serious inquiries are encouraged to explore this exceptional business opportunity further. Financial details and operational specifics are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $540,000
- 6.5%
- $560,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $555,000
- Geo Method
- $545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $580,000
- Retail
- $610,000
- Mixed-Use
- $525,000
- Hospitality
- $610,000
- Educational
- $520,000
- Residential Income
- $590,000
- Energy
- $490,000
- Income-Based Land
- $515,000
- Food Service
- $485,000
Location Insight
- Map
- Local Demand
- City
- Bernardsville
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5652
- Latitude
- 40.7187
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA