Well kept Commercial Building with Car Wash
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $1,200,000 |
$66,000 |
$62,200 |
Furniture and Fixtures Value:
$0 (included in the asking price)
Real Estate:
$1,200,000 (included in the asking price)
Business Summary:
14,000 sq ft building on ground floor, 2nd floor 1,200 sq ft apartment/office; As of now only tenant is a track car wash who pays 66,000 rent annul rent plus taxes of 9600 annual, Other potential income rentals are from 2nd floor office/apartment 14,400 annual plus tint shop ground floor next to car wash 16,800 yearly rent. Total rental could be 97,000 triple net. Owner/landlord is working to regain control of car wash, which is semi absent and mismanage. This would be available to purchaser of a modern appearing building; Kept in excellent condition. Car wash lube/ repair building 4,000 sq ft adjacent to car wash also available (Listing #5237. ) Combining both building will enhance the area of need of central facility.
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| Year
Business was Established: 1960 |
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| Potential
Growth/Expansion:
Buying car wash building and combining with lube / repair adjacent building creating a major care destination place that this area really needs.
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| Competition:
This specific spot is on the block is the only well kept building within this area, that is now turning upward.
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| Owner
willing to finance:
Buyer would have to obtain mortgage |
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| Reason for selling:
Owner divesting all his holdings retirement |
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| REQUEST MORE INFO |
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