980 Washington St - Auto Repair FOR SALE


Franklin Square, NY 11010
$2,925,000 USD
917-821-8587
980 Washington St, Franklin Square, NY for Sale
$2,925,000 USD
Auto Repair - FOR SALE
1/8
null | 17.09% 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 2.5m 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

$2,925,000 USD

PRICE/SF

$975 USD /SF

CAP RATE

17.09%

% 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.