401 Upham St - Auto Repair FOR SALE


Melrose, MA 02176
$1,500,000 USD
781-254-5527
401 Upham St, Melrose, MA for Sale
$1,500,000 USD
Auto Repair - FOR SALE
1/6
null | Request Cap Rate

401 Upham St
Melrose, MA 02176


HIGHLIGHTS

  • Clean 21E in hand
  • Well established and turnkey business
  • Additional income from leased service bays

OVERVIEW

CLEAN 21E IN NOVEMBER 2024! This well respected and profitable gas and service station has been a fixture in Melrose since 1929. This is a turn key business that comes with two fully equipped service bays that are presently leased to an established mechanic. Office space with private bath as well as public bath accessible from outside. Additional storage/parking behind the building. Double wall steel tanks installed in 1987 wrapped in between walls with sensor and on the outside of tanks with sensors. 5000 gal regular, 4000 gal regular and 6000 gal super. Buyer to assume Gulf contract with their approval. High profit margin per gallon, great visibility and a loyal clientele is a winning combo.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$1,491 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,124 SF

ZONING

SRB

APN/PARCEL ID

MELR-000009G-000000-000045

ASK ABOUT THIS PROPERTY

Kim PerrottiLeading Edge Real EstateMore Info
781-254-5527

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Kim PerrottiLeading Edge Real EstateMore Info
781-254-5527

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