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    57 Morristown Rd Bernardsville, NJ 07924
    Property profile & analytics

    57 Morristown Rd, Bernardsville, NJ 07924

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    • Commercial real estate
    • 2,700 SF
    • 0.21 lot acres
    Auto Body Shop Opportunity For Sale
    $499,900
    2,500 SF

    Auto Body Shop Opportunity

    Auto body shop for sale with collision repair business.

    57 Morristown Rd, Bernardsville, NJ 7924
    View Listing
    Property ID
    US59-1782437
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lowrie Auto Body / Auto Repair Shop
    • Pace Collision Services, Inc. / Auto Repair Shop

    Property Details for 57 Morristown Rd

    Construction
    CONCRETE BLOCKS
    Lot size
    0.21 lot acres
    Zone code
    D-CO
    Property type
    Commercial real estate
    APN
    03 00125-0000-00012
    APU
    300125000000012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 18, 2021 — Douglas K Lowrie Douglas K Lowrie Intrafamily Transfer · related —

    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 Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $385,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $755,000
      6.5%
      $700,000
      7%
      $650,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $643,000
      Market price range: $434k - $1.04M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $690,000
      Current use
      OFFICE BUILDING
      $555,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12,202
    $409,900
    $200,000
    $609,900
    -
    $409,900
    $200,000
    $609,900
    View Listing
    More about this property
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