Turnkey Auto Body Repair
20 Woodland St Methuen, MA 01844
20 Woodland St, Methuen, MA, 01844
$1,699,000
For Sale
$1,699,000
Established auto body shop with real estate for sale.
Property Size5,600 SF
Lot Size0.71 Acres
Price / SF$303.39
Days on Market90
Property Features for 20 Woodland St
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Lot size
- 0.71 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agency
LAER Realty Partners
(978) 771-8081
Listed by
Leeanne Trohon
(978) 771-8081
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 10 at 1:19PM Checked: Jul 20 at 4:52AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This offering presents a turnkey business opportunity featuring real estate and a well-established auto body repair shop. The property, situated on a 0.71-acre lot, includes a 5,600 square foot building equipped with four drive-in garage bays, three vehicle lifts, and a 14x26 professional spray booth. The interior features a large open workspace along with an office and reception area. The expansive lot provides parking for approximately 50 vehicles. The property is conveniently located with quick access to I-93, Route 28, and I-495, offering accessibility and visibility. This is an opportunity to step into a successful operation while owning the underlying real estate. The existing auto body repair shop is intended for continued use.
Key Highlights
- Turnkey auto body repair business and real estate offered together.
- Fully equipped 5,600± sq ft building features four drive‑in bays, three vehicle lifts, and a professional spray booth.
- High‑traffic location with quick access to I‑93, Route 28, and I‑495.
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 | $134.4k | $24.00 |
| − Vacancy | −$3.0k | −$0.53 |
| EGI | $131.4k | $23.47 |
| − OpEx | −$39.4k | −$7.04 |
| NOI | $92.0k | $16.43 |
5,600 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $92,010 @ 7.0% cap · market cap 5.42%
Second Best
Industrial
$851.0K
$744.6K – $992.8K
NOI $59,567 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,063 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
A Plus Two Autobody ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- V.N.A Towing — 652 Lowell St, Lawrence, MA 01841
- Excel Auto Body LLC — 1020 Riverside Dr, Methuen, MA 01844
- Pro Auto Repair — 1020 Riverside Dr, Methuen, MA 01844
- Harry’s Auto Body — 1030 Riverside Dr, Methuen, MA 01844
- State Inspection Vehicle Check — 576 Haverhill St, Lawrence, MA 01841
FAQs
What type of property is this?
Auto shop - Established auto body shop with real estate for sale.
Where is this auto shop located?
The property is located at 20 Woodland St Methuen, MA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Turnkey auto body repair business and real estate offered together.; Fully equipped 5,600± sq ft building **features four drive‑in bays, three vehicle lifts, and a professional spray booth.**; High‑traffic location with quick access to I‑93, Route 28, and I‑495.
