403 Newark Pompton Tpke
1,568 SF Vacant Retail Building Pompton Plains, NJ 07444 $3,619,750 CAD ($2,309 CAD/SF) 4.72% Cap Rate
Investment Highlights
- Completely Renovated Facility: Fully updated fuel service station with new tanks, underground plumbing, and pumps.
- Long-Term Leases: Established, long-term leases in place for both the fuel and mechanic businesses, offering stable rental income.
- High-Quality Infrastructure: All new underground plumbing and fueling systems installed, ensuring top-notch functionality and safety.
- 3-Bay Vehicle Service Building: Modernized service building with three bays for vehicle maintenance and repairs.
- Option for Owner-Operation: Seller can deliver fuel pumps vacant, providing the opportunity for the new owner to operate the fuel business themselves.
- Convenient Viewing Access: Contact the listing agent for easy scheduling of property tours and further details.
Executive Summary
Completely renovated fuel service station with all new tanks, underground plumbing, pumps and 3 bay vehicle service building.
Long term leases are in place for both the fuel and mechanic business. Seller can deliver fuel pumps vacant should the new owner want to operate themselves. Please contact listing agent for viewing
Long term leases are in place for both the fuel and mechanic business. Seller can deliver fuel pumps vacant should the new owner want to operate themselves. Please contact listing agent for viewing
Financial Summary (Actual - 2022) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
1,568 SF
Building Class
C
Year Built/Renovated
1950/2022
Price
$3,619,750 CAD
Price Per SF
$2,309 CAD
Cap Rate
4.72%
NOI
$170,971 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
0.75 AC
Zoning
R-11 - Residential zoning classification
Parking
12 Spaces (7.65 Spaces per 1,000 SF Leased)
Frontage
213 ft on Newark Pompton Turnpike
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 31-03301-0000-00044 | Total Assessment | $1,776,505 CAD (2024) |
Land Assessment | $1,408,146 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $368,359 CAD (2024) | Tax Year | 2022 |