980 Washington St - Auto Repair FOR SALE


Franklin Square, NY 11010
$2,700,000 USD
917-821-8587
980 Washington St, Franklin Square, NY for Sale
$2,700,000 USD
Auto Repair - FOR SALE
1/8
null | 18.52% Cap Rate

980 Washington St
Franklin Square, NY 11010


OVERVIEW

Seize this exceptional opportunity to own a well-established automotive enterprise along with its property at 980 Washington St, Franklin Square, NY 11010. This turnkey operation encompasses a 2,550 sq ft fully upgraded facility situated on a generous 10,160 sq ft lot, offering ample space and modern amenities to support a thriving business. Business sale is suggested with 700k down payment & then 14k monthly NNN for the entire shop, with option to buy at $2.3M balloon payment OR 1mil down for the business with 12k monthly NNN with 2.1m payment due within 5years. Modernized Facility: The building has undergone comprehensive upgrades, ensuring a contemporary and efficient workspace. Spacious Layout: Features a 450 sq ft mezzanine office, providing a comfortable and functional administrative area. Ample Parking: Accommodates up to 30 vehicles, facilitating customer convenience and business operations. Sustainable Energy: Equipped with upgraded solar panels, promoting eco-friendly operations and potential energy cost savings. Strong Financials: The business reports a Net Operating Income (NOI) of $516,815, reflecting its profitability and stability. Proof of Funds is required to access comprehensive financial information. Diverse Revenue Streams: The business operates as a profitable auto repair facility, used car dealership, transport service, and EV charger provider. Dealer License: Comes with a valuable dealer license, enhancing the scope of operations. EV Charging Station: Listed on the Tesla charger map, attracting electric vehicle owners and expanding customer base. Inspection Services: Includes an updated inspection license machine, adding to the range of services offered. This offering presents an excellent prospect for both owner-operators and investors seeking a profitable, turnkey automotive business with a solid foundation and multiple income streams. The combination of a prime location, upgraded facilities, diverse services, and a strong brand makes this a compelling investment in the automotive industry.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$900 USD /SF

CAP RATE

18.52%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Auto Repair - Buy property & Business

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

x

APN/PARCEL ID

2089-33-604-00-0010-0

ASK ABOUT THIS PROPERTY

John MagnaniCompassMore Info
917-821-8587

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John MagnaniCompassMore Info
917-821-8587

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.