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2648 Cherry Ave Signal Hill, CA 90755

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For Sale
$2,800,000

Generational auto shop opportunity on a crowded Signal Hill intersection.

Lot size:
0.25 Acres

Property Features for 2648 Cherry Ave

General Information

Property type
Industrial
Standard status
Active
Lot size
0.25 Acres

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Listing Contact
Mike Sadeghi
Source: Elliman

Listing Agent: Mike Sadeghi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Established Auto Shop in Signal Hill

This Signal Hill property presents a generational opportunity to acquire an established auto service shop and real estate. The 4,806 sq. ft. building, situated on an 11,003 sq. ft. lot with 10 parking spaces, has operated as a mechanic shop since 1978. Located on a busy cross section of Cherry Ave and Willow, the property attracts over 5,000 customers annually. The auto service shop performs auto repair, oil changes, alignments, tire changes, and auto electrical repairs. A significant portion of the business, approximately 40% of revenue, is generated from fleet accounts including Enterprise Rent-A-Car, Hertz, local oil companies, a traffic management department, and a water treatment facility. The shop also benefits from a large base of loyal customers from the local community. The property features an office and six automotive lifts, including two underground lifts, three above-ground lifts, and one alignment jack, distributed across seven bays. There is potential to increase revenue by converting two existing bay pits to service RV, large truck, and bus alignments, taking advantage of the property's high ceiling accessibility. The property is zoned SHM1 industrial manufacturing, allowing for various uses. The retiring sellers, after 27 years in business, are motivated and willing to cooperate with the buyer to ensure a smooth transition of the auto shop business.
Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Emanuel Auto Service, Pacific Tire, Enrique's Auto Repair, MBA Motors, Towing & Storage service

Location Insight

  • Map
  • Local Demand
City
Signal Hill
County
Los Angeles
State
California
Longitude
-118.1672476
Latitude
33.8053121

FAQs

What type of property is this?
Auto shop - Generational auto shop opportunity on a crowded Signal Hill intersection.
Where is this auto shop located?
The property is located at 2648 Cherry Ave Signal Hill, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: - Established mechanic shop location since 1978 with high customer volume (5,000/year).; - Substantial fleet account base (40% of revenue) providing a dependable income stream.; - Large 4,806 sq. ft. building on an 11,003 sq. ft. lot with 10 parking spaces in a high-traffic Signal Hill location.
More about this property
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