Established Automotive Business For
351 Ward Rd North Tonawanda, NY 14120
351 Ward Rd, North Tonawanda, NY, 14120
$799,900
For Sale
$799,900
Turnkey automotive business with loyal client base and equipment.
Property Size3,000 SF
Price / SF$266.63
Days on Market680
Property Features for 351 Ward Rd
General Information
- Standard status
- Active
- Size
- 3,000 SF
Listing Agency
HUNT Real Estate Corporation
(716) 597-5073
Listed by
Jennifer M Ranaletti
(716) 597-5073
Source
Exprealty
Added: Sep 6, 2024 Checked: Jul 16 at 10:38 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HUNT Real Estate Corporation
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a well-established, full-service automotive business that has been operating for over 35 years. The 3,000 square-foot building was completely rebuilt in 2010 and features 4 overhead doors for drive-up lifts, a New York State inspection machine, and 2 full bathrooms. The property also includes an air-conditioned main office with seating for customers and parking space for 30 vehicles. The sale includes the entire shop, client base, machinery, and furniture. The current owner is willing to stay on for a negotiated period to assist the new owner.
Key Highlights
- Established automotive business (35+ years) with loyal client base.
- Turnkey operation: sale includes shop, client base, machinery, and furniture.
- Rebuilt in 2010: 3000 sq ft building with 4 overhead doors.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $18.00 |
| − Vacancy | −$6.9k | −$2.29 |
| EGI | $47.1k | $15.71 |
| − OpEx | −$14.1k | −$4.71 |
| NOI | $33.0k | $11.00 |
3,000 SF · lease $18.00/SF/yr · vacancy 12.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.10M
$1.84M – $2.45M
NOI $146,948 @ 7.0% cap · market cap 18.37%
Second Best
Retail
$471.4K
$412.5K – $550.0K
NOI $32,999 @ 7.0% cap · market cap 4.13%
Theoretical Best
Warehouse
$2.55M
$2.23M – $2.97M
NOI $178,436 @ 7.0% cap · market cap 22.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Brownies auto — 1082 Oliver St, North Tonawanda, NY 14120
- C.I. Choice Auto Repair — 118 felton st, north tonawanda, ny 14120
- Mavis Discount Tire — 943 Payne Ave, North Tonawanda, NY 14120
- Randy's Auto Repair — 1038 Oliver St, North Tonawanda, NY 14120
- RCR AUTO REPAIR AND SALES — 1082 Oliver St, North Tonawanda, NY 14120
FAQs
What type of property is this?
Auto shop - Turnkey automotive business with loyal client base and equipment.
Where is this auto shop located?
The property is located at 351 Ward Rd North Tonawanda, NY.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Established automotive business (35+ years) with loyal client base.; Turnkey operation: sale includes shop, client base, machinery, and furniture.; Rebuilt in 2010: **3000 sq ft building with 4 overhead doors.**
