79 Georges Rd
11,985 SF Retail Building New Brunswick, NJ 08901 $2,150,000 ($179.39/SF)
INVESTMENT HIGHLIGHTS
- Building is in excellent condition highlighting two floors, central hvac, and measures over 12,000 sf.
- Properties can be purchased separately.
EXECUTIVE SUMMARY
79 Georges Rd, New Brunswick NJ also well known as "Rainey's," is a well established, family-owned and fully operated licensed auto repair shop that's equipped with 3 bays, 5 lifts, updated with modern equipment, and sits on a 13,750 sq ft. lot. Building is in excellent condition highlighting two floors, central hvac, and measures over 12,000 square feet. The Repair Center is a complete auto repair center able to service all foreign and domestic makes and models from a routine oil change to a complete engine overhaul. This facility has been providing quality auto repair service to customers in New Brunswick, North Brunswick and surrounding areas since 1970. The Repair Center specializes in All American, European and Foreign Automotive Repairs, Automatic and Standard Transmission Repairs. This facility is an Authorized NJ State Inspection Facility and Certified Emission Repair Facility. Assets include building, lot, equipment, Potential Development Opportunity 1/2 acre (approx. 25,000 sq ft) to include 75 Georges Rd and 4 N. Ward Ct (currently used as a parking lot. Total price of three assets= $3 million. Properties can be purchased separately. Inquire within.
FINANCIAL SUMMARY (ACTUAL - 2021) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Auto Repair
Building Size
11,985 SF
Building Class
C
Year Built
1900
Price
$2,150,000
Price Per SF
$179.39
Tenancy
Single
Building Height
2 Stories
Building FAR
1.06
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
C-1
Parking
25 Spaces (2.09 Spaces per 1,000 SF Leased)
Frontage
127’ on Georges Rd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-00275-0000-00003-01 | Total Assessment | $844,100 (2024) |
| Land Assessment | $429,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $415,100 (2024) | Tax Year | 2021 |
