Please DO NOT contact the tenants or visit the property without Bridgewater Commercial Real Estate Brokers.
Bridgewater Commercial Real Estate is pleased to present a VALUE-ADD opportunity: a three-building automotive services property with excellent visibility on Sheldon Road, accessible to both north and southbound traffic (30,000 vehicles daily). Zoned Commercial Neighborhood (CN), the property offers 282 feet of frontage on Sheldon Road and a depth of 120 feet. It features a 1,782 SF 5-bay self-service coin-operated carwash (same Lessee since 1996), a 2,364 SF automotive service building occupied by Atlas Auto Center (since 2005) and a 2,040 SF automotive service building occupied by Cruizin Solutions Tire & Wheels (since 2011). The automotive service buildings each have three service bays and customer lobbies/reception areas.
Each tenant pays $2,200 monthly (average rent $12.80 PSF), covers electric, and handles grounds maintenance. The carwash tenant (same Lessee since 1996) pays water/sewer and garbage for the entire property, with submeters for the two automotive repair buildings. All tenants are on month-to-month leases, allowing a new owner to renegotiate terms or end occupancy.
Zoned CN, the property is suitable for redevelopment into various retail, office, or professional services. It’s located 1 mile south of Waters Avenue and 1 mile north of Hillsborough Avenue. There are nearly 95,000 residents within a 10-minute drive time to the property and nearly 386,000 residents and 322,000 daytime workers within a 20-minute drive time. Average household incomes within the same drive times range from $104,500 to $113,000, making this a prime location for business growth.