42-48 Industrial Ave
Fairview, NJ 07022

Industrial Property For Sale

EXECUTIVE SUMMARY

Excellent opportunity to buy a industrial property with huge potential to grow. Also have option to purchase this auto body shop business that established 30 years for additional $700,000.00. This auto body shop generates approximately $1,000,000 for annual revenue and $400,000 for net operating income. Sales includes building and auto body shop business along with car rental with 10 cars included and used car dealer license. 1st and 2nd level are used by auto body shop and 3rd level is rented, size is about 4000 Sq/Ft, as warehouse with 2 office with belt loading facility. 3rd floor generates $2500 monthly income. This property has 4 lots from 42-28 Industrial Ave. is 100 x 123. Seller can do owner financing along with bank.

PROPERTY FACTS

Sale Type Investment or Owner User
Cap Rate 12.12%
Sale Condition Build to Suit
Property Type Industrial
Property Subtype
Service
  • General Retail Auto Repair
  • General Retail Service Station
  • Industrial Warehouse
Building Class B
Lot Size 0.68 AC
Rentable Building Area 15,500 SF
No. Stories 3
Year Built 1954
Parking Ratio 0.77/1,000 SF
Clear Ceiling Height 19’
Opportunity Zone Yes

AMENITIES

  • Floor Drains
  • Front Loading
  • Security System
  • Signage
  • Air Conditioning

UTILITIES

  • Lighting - Fluorescent
  • Gas
  • Water - City Water
  • Sewer - City Sewer
  • Heating - Gas

PROPERTY TAXES

ZONING

Zoning Code Industrial (Industrial)
  • Listing ID: 32020715

  • Date on Market: 6/4/2024

  • Last Updated:

  • Address: 42-48 Industrial Ave, Fairview, NJ 07022