387 New Brunswick AveWoodbridge Township, NJ 08863

Property Details for 387 New Brunswick Ave

Year built

1920

Lot size

0.11 AC

Zone code

B-2

Property type

Retail properties

Property subtype

Auto shops

APN

25 00054- 01-00014

APU

25000540100014

Description

This well-established auto repair shop presents a unique investment opportunity. Located at 387 New Brunswick Ave, Fords, NJ, this thriving business is offered for sale at $125,000. The shop benefits from a highly visible location in a busy area, ensuring consistent customer traffic. A long-term lease is in place with a monthly rent of $3,500, providing financial stability and minimizing operational risks. The sale includes all essential automotive equipment, significantly reducing the initial investment required by a new owner. This includes a state-of-the-art wheel alignment machine and tire machine, along with other valuable tools and machinery. Years of dependable service have cultivated a loyal customer base, generating repeat business and referrals, a significant asset for continued growth and profitability. The sale encompasses all necessary equipment, existing inventory, and comprehensive customer records, allowing for a seamless transition and immediate commencement of operations. This turnkey business is poised for continued success under new ownership, offering minimal downtime and immediate revenue generation. Detailed financial information and lease terms are available upon request. Schedule a viewing to explore this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,215,174

  6.5%

  $1,121,700

  7%

  $1,041,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,646,316

  Geo Method

  $1,646,316

• Alternative Use

  Use

  Valuation

  Residential

  $946,196

  Hospitality

  $866,710

  Educational

  $721,093

  Medical

  $745,892

  Retail

  $1,121,700

Location Insight

City

Fords

County

Middlesex

State

New Jersey

Latitude

40.5266

Longitude

-74.3073

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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