Auto Repair Facility with Paint
1561 Park Street, Peekskill, NY 10566
For Sale
$999,000
The property supports collision repair, general auto service, and vehicle sales, with the real estate and business offered together or separately.
Property Size2,800 SF
Price / SF$356.79
Days on Market81
Property Features for 1561 Park Street
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Utilities to Site
Automotive
Service Bays
Automotive Uses
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Buildings
Listing Agency:
McGrath Realty Inc
Listed By:
Ryan P. McGrath · License #10401313731
(845) 896-5444
Source:
Clairedleone
Added: Aug 21
Changed: Nov 7
Last Checked: Nov 8 at 4:51PM
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 McGrath Realty Inc
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Investment Insights
Based on property information with market context.
This 2,800-square-foot automotive facility accommodates collision work, vehicle repairs, and vehicle sales. The building has 12-foot ceilings, 2 overhead doors, 2 car lifts, and a recently installed paint booth. The interior is in very good condition, and approved plans for expansion are included in the sale.
The property occupies just over half an acre on Park Street in Peekskill, with 100 feet of street frontage and on-site parking. Town water and sewer are connected. The real estate and operating business may be acquired together or separately.
The property occupies just over half an acre on Park Street in Peekskill, with 100 feet of street frontage and on-site parking. Town water and sewer are connected. The real estate and operating business may be acquired together or separately.
Key Highlights
- 2,800‑square‑foot collision, repair, and vehicle sales facility
- 12‑foot ceilings and 2 overhead doors
- Recently installed paint booth and 2 car lifts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,205
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,100
$1.2M
Cap Rate 7%
$845,786
$845.8K
Cap Rate 9%
$657,833
$657.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$97.4K $34.80/SF
− Vacancy
−$12.9K −$4.59/SF
EGI
$84.6K $30.21/SF
− OpEx
−$25.4K −$9.06/SF
NOI
$59.2K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,100
Cap Rate 7%
$845,786
Cap Rate 9%
$657,833
Alternative Uses
Best Use
Retail
$845.8K
$740.1K – $986.8K
NOI $59,205 @ 7.0% cap · market cap 5.93%
Second Best
Industrial
$567.9K
$496.9K – $662.6K
NOI $39,754 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,591 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 28%
Family Dollar
Shops & Services
7,338 visits/mo
0.2 miles
Dunkin' Donuts
Dining
5,314 visits/mo
0.5 miles
AutoZone
Shops & Services
5,304 visits/mo
0.1 miles
Mid-Hudson Valley Federal Credit Union
Shops & Services
1,230 visits/mo
0.4 miles
Demographics for 10566, NY
25,384
Population
11,752
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
86%
High-School Grad
4.3 sq mi
ZIP Area
5,903
Density / Sq Mi
$91,042
Median Household Income
$49,844
Median Earnings
$1,895
Median Rent
$376,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Auto shops in Westchester County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Ppg Collision Repair Center — 1207 Crompond Rd, Peekskill, NY 10566
- Brians Automotive Inc. — 1208 S Division St, Peekskill, NY 10566
- Peekskill Auto Body & Truck — 1207 Crompond Rd, Peekskill, NY 10566
- Allied Service Station & Towing — 17 S Broad St, Peekskill, NY 10566
- Peekskill Electric Motor Rpr Service — 13 S Broad St, Peekskill, NY 10566
Frequently Asked Questions
What type of property is this?
Auto shop - The property supports collision repair, general auto service, and vehicle sales, with the real estate and business offered together or separately.
Where is this auto shop located?
The property is located at 1561 Park Street Peekskill, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,800‑square‑foot collision, repair, and vehicle sales facility; 12‑foot ceilings and 2 overhead doors; Recently installed paint booth and 2 car lifts
