For Sale
$895,000

195 Miller St Newark, NJ 07114

Profitable auto repair shop, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a thriving 2,012 square foot auto repair shop located at 195 Miller Street in Newark, New Jersey, within Essex County (zip code 07114). The property sits on a 0.05-acre lot (Block 1178, Lot 14) and is offered at an asking price of $895,000, translating to $444.83 per square foot. The building features a convenient drive-in door, a ceiling height of 12 feet 8 inches, and three auto lifts, ensuring efficient operation. The shop is equipped with a brand new air compressor and utilizes gas suspended heat. The high-density traffic area guarantees significant customer flow. 2022 property taxes amounted to $7,285.20. This turnkey operation is ideal for an established business or a savvy investor seeking a profitable venture in a high-demand market. The property's size and features make it a compelling opportunity for continued success and growth within the automotive repair industry. This is a rare chance to acquire a well-equipped and strategically located auto shop in a bustling Newark neighborhood.

Highlights

  • 2,012 SF Building
  • 0.05-Acre Lot (Block 1178, Lot 14)
  • One Drive-In Door
  • 12'8" Clear Ceiling Height
  • Three Auto Lifts
  • New Air Compressor

Property Details for 195 Miller St

Property type
Retail properties, Auto shops
Square Feet
2,012 SF
Lot Size (sq. ft)
2,178 SF

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.7178709
Longitude
-74.1783777

FAQs

What type of property is this?
Retail property - Profitable auto repair shop, excellent location.
Where is the retail property located?
The property is located at 195 Miller St Newark, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,012 SF Building; 0.05-Acre Lot (Block 1178, Lot 14); One Drive-In Door
How can I contact the broker?
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195 Miller St
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