Amboy Avenue Metuchen, NJ 08840

$625,000
0.19
Acres
1,080
SQFT
579
$/SQFT
$625,000
1,080   sf
$579 / sf
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Fully leased Auto garage for sale located in busy commercial area. Great investment with a Cap rate of 9.5%. Main garage building has 2 bays with 2 car lifts, an office & a bathroom. 2nd building is a 1 bay car lift equipped auto facility. both buildings leased to tenants who can stay or go as needed by the new owner. Tenants pay all utilities. Landlord pays Taxes & Insurance. Property is R2 Zoned with many retail & Commercial uses allowed by town as property is fronting on Amboy Ave. Seller looking to sell with the tenants but can give them notice to vacate is someone requires vacant property.

Fully leased Auto garage for sale located in busy commercial area. Great investment with a Cap rate of 9.5%. Main garage building has 2 bays with 2 car lifts, an office & a bathroom. 2nd building is a 1 bay car lift equipped auto facility. both buildings leased to tenants who can stay or go as needed by the new owner. Tenants pay all utilities. Landlord pays Taxes & Insurance. Property is R2 Zoned with many retail & Commercial uses allowed by town as property is fronting on Amboy Ave. Seller looking to sell with the tenants but can give them notice to vacate is someone requires vacant property.

  • Neighborhood
  • Type
  • County
    Middlesex
  • Area
    Metuchen
  • Tax Amount
    $12,436
  • Status
    Active
  • Listing #
    2511457R
  • Lot Size
    0.19
  • Listed on site
    98 days

Listed by:
Better Homes&gardens Re Maturo

mls source logo Listing provided courtesy of Central Jersey MLS
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Property details

Community Features

  • No HOA

Property Features

  • Sewer
  • Public Water

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
Jun 28, 202513 days agoPrice decreased25,000 (4%)$625,000
Apr 4, 20253 mos agoNew on market$650,000
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