Property profile

875 Broadway Newark, NJ 07104

OFF-MARKET
Commercial real estate
Property ID
US59-0390603
0.09 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents a well-established autobody collision repair business located at 875 Broadway, Newark, NJ, 07104, in Essex County. Boasting a 40-year history operating as "Body Master," this turnkey operation is being offered for sale due to the owner's retirement. The 4,500 square foot facility includes a comfortable office space, two bathrooms, and a spacious garage bay equipped with radiant heat for optimal working conditions year-round. The business comes complete with a comprehensive suite of high-quality equipment, including a Down Draft Sigma Spray Booth, a Chief Easy Liner-Frame Machine, a Miller Spot Welder, a Paint Mixing System, Jacks Mills, a Mohawk Lift, and a powerful 10-horsepower compressor housed in the basement. Currently employing five skilled technicians, the business enjoys a loyal customer base and a proven track record of profitability. All necessary licenses and permits are in place, ensuring a smooth transition for the new owner. The lease terms are negotiable, and the seller is open to financing options, including potentially holding a portion of the mortgage. This represents a rare chance to acquire a profitable, established business with significant growth potential in a desirable location. The asking price for this exceptional opportunity is $1,300,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Lot 0.09 ac (3,868 SF)
APN 14 00832-0000-00002
UPID US59-0390603

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Law Firm

Location

875 Broadway Newark, NJ 07104-4414
Newark metro Census 9600 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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