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Off Market
1/22

140 W Main St
Silverdale, PA 18962


HIGHLIGHTS

  • Building and Business for sale together or separately
  • New 10 year NN lease with 3% annual increases commencing at settlement
  • 7300sf building on an acre lot with 94' of frontage
  • Able to do body work on large RV's and other commercial vehicles
  • 32,959 people in a 3 mile radius
  • Avg. Household income of $105,596 with projected growth of 11%

OVERVIEW

Longtime established and thriving turn-key auto body and repair business in Silverdale. This sale and business will provide for a Long Term (10 year) NN lease with 3% annual increases. Net income from the building will start at $89,500. This locally owned and operated business has a well-established customer base and over 20 years of experience! The shop is conveniently located in a (+/-) 7,300 SF free standing building on an acre lot with 94 feet of frontage. The property is situated on the heavily traveled Route 113 which is a main street for Silverdale with 9,547 ADT. The building currently houses a 10,000 lb lift, a drive on frame rack system, several bays, a storage room and a separate office space. One section of the shop features a 24’ ceiling and has oversized overhead doors with the ability to do body work for large RV's and other commercial vehicles. There is also a residential apartment on the second floor of the building which will provide additional cash flow - $1,300/mo ($15,600/yr) - that is not currently being calculated in the Cap Rate. Excellent demographics – 32,959 people within a 3 mile radius and an average household income of $105,596 with 5 year projected growth in both categories of 2% and 11% respectively. This property has easy access to Route 476 and Route 202. The long-time auto body and repair business is being sold either together with the real estate or separately for $395,000. Great NN investment with a brand new long term lease commencing at settlement.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

-

BUILDING DETAILS

PROPERTY NAME

World Class Auto Body

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Service Station, Office/Residential

TOTAL BUILDING SIZE

7300

STORIES

2

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

40-003-050