A Newark commercial property has been sold for $750,000, in a deal brokered by Sheldon Gross Realty Vice President Eric Weston, according to a Thursday announcement.
Located along Verona Avenue, on the block between Mt. Prospect and Summer avenues, the location will continue to be used as an auto body shop. The property features various equipment required for conformation with environmental safety protocols, including a spray paint booth, a vehicle frame rack and a lift.
“Newark’s a busy, thriving community, with a lot of motorists,” Weston said. “There’s opportunity for all types of businesses focused on maintaining cars, including body repairs. This transaction is one of those that’s a win not only for the buyer and seller, but for the local community, as well.”
Only a short drive from Route 21, Interstate 280 and several bridges across the Passaic River, the property is ideally positioned to address area residents’ automotive service needs.