1118 Main StRahway, NJ 07065

This exceptional investment opportunity presents a 13,062 square foot commercial land parcel in Rahway, New Jersey, located at 1118 Main St, 07065, within the city's Redevelopment zone. The property boasts a 1,200 square foot building currently housing a fully operational, cash-flowing auto-related business (car rental or auto repair, equipment included). The asking price is $3,500,000, representing a land value of $38 per square foot. The property features a strong pro-forma NOI of $500,000 and a compelling 14% pro-forma cap rate. Built in 1950, the building is currently at 100% occupancy with an established tenant. Zoned CBD RA R-2, this well-maintained property offers significant potential for future development or continued operation as a successful business. All environmental reports are clean and up-to-date, ensuring a smooth transition for the new owner. This prime Rahway location provides convenient access to local amenities and presents an attractive opportunity for special purpose or other investors seeking a strong rental history and immediate cash flow. The property's location in the Redevelopment zone suggests potential for future growth and increased value.