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Auto Repair Business Opportunity

1394-1396 Joyce Avenue Columbus, OH 43219

1394-1396 Joyce Avenue, Columbus, OH, 43219
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For Sale
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Auto repair business with equipment, two apartments, and storage.

Property Size4,037 SF
Price / SF$74.31
AddedMar 26
Days on Market113
Last RefreshJul 15 at 12:54 pm

Property Features for 1394-1396 Joyce Avenue

General Information

Standard status
Active
Size
4,037 SF
Property subtype
Mixed Use, Retail

Building Details

Year Built
1948

Listing office Keller Williams Capital Partners Realty

Listing date Mar 26, 2026

Source Crexi

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 Keller Williams Capital Partners Realty


Investment Insights

Based on property information with market context.

The property at 1394-96 Joyce Ave includes the vacated alley in the rear. It has been an auto repair business for over 30 years. The sale includes the building and associated equipment. The current zoning is R-3. The property has a junk yard license which a new owner may wish to obtain. The lots to the north and west have M zoning. The property features four overhead doors and three lifts. The north lot has no buildings and is used for auto repair and storage. There are two small studio apartments on site. The property size is 4037 square feet.

Key Highlights

  • Established auto repair business location for over 30 years.
  • Four overhead doors and three lifts for servicing multiple vehicles.
  • Includes the vacated alley in the rear.

Local Financial Insights For Industrial

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 $24.7k $6.12
− Vacancy −$1.9k −$0.47
EGI $22.8k $5.65
− OpEx −$6.8k −$1.69
NOI $16.0k $3.95
4,037 SF · lease $6.12/SF/yr · vacancy 7.70% · expense 30.00%

Alternative Uses

Best Use
Retail
$664.9K
$581.8K – $775.7K (±1% cap)
NOI $46,543 @ 7.0% cap · market cap 15.51%
Second Best
Multifamily LT 5
$491.1K
$429.7K – $572.9K (±1% cap)
NOI $34,375 @ 7.0% cap · market cap 11.46%
Theoretical Best
Office A
$841.3K
$736.2K – $981.6K (±1% cap)
NOI $58,893 @ 7.0% cap · market cap 19.63%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

Similar Off Market Nearby

  • J R's Auto Services — 975 E 5th Ave, Columbus, OH 43201
  • Semi Truck Repair Center — 1050 E 5th Ave, Columbus, OH 43201
  • CARSTAR Auto Boutique Collision — 1037 E 5th Ave, Columbus, OH 43201
  • A+ Truck Mobile Repair Columbus — 1000 E 5th Ave, Columbus, OH 43201
  • Keen's Body Shop — 907 E 5th Ave, Columbus, OH 43201

FAQs

What type of property is this?
Auto shop - Auto repair business with equipment, two apartments, and storage.
Where is this auto shop located?
The property is located at 1394-1396 Joyce Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Established auto repair business location for over 30 years.; Four overhead doors and three lifts for servicing multiple vehicles.; Includes the vacated alley in the rear.
Contact an agent
(614) 431-1220 Call to check price and availability
More about this property
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