Established Auto Body Shop
For Sale
$1,100,000
Pending
177 Central St, Saugus, MA 01906
Well-established auto body shop with fenced yard and central AC.
Property Size2,488 SF
Lot Size0.13 Acres
Days on Market312
Property Features for 177 Central St
General Information
Standard status
Pending
Size
2,488 SF
Lot size
0.13 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,502
Building Details
Building Size
2,488 SF
Year Built
1974
Listing Agency:
Coldwell Banker Realty | Lynnfield
Listed By:
Frank T. Rossetti · License #121539
(781) 718-4662
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 21
Last Checked: Oct 4 at 10:18AM
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 Coldwell Banker Realty | Lynnfield
Investment Insights
Based on property information with market context.
This is an established auto body shop building constructed in 1974. The garage space can accommodate up to 7 cars and features two insulated, powered garage doors, each measuring 12'x12'. A fenced yard provides additional storage space for up to 10 cars. The entire shop benefits from central air conditioning. There is a separate office space within the building. The property is equipped with 400 amp electric service. Showings are available on weekends only.
Key Highlights
- Well‑established auto body shop building.
- Garage fits 7 cars with 2 insulated power garage doors (12'x12').
- Fenced yard holds up to 10 cars.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,879
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,580
$817.6K
Cap Rate 7%
$583,986
$584.0K
Cap Rate 9%
$454,211
$454.2K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$59.7K $24.00/SF
− Vacancy
−$1.3K −$0.53/SF
EGI
$58.4K $23.47/SF
− OpEx
−$17.5K −$7.04/SF
NOI
$40.9K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,580
Cap Rate 7%
$583,986
Cap Rate 9%
$454,211
Alternative Uses
Best Use
Retail
$584.0K
$511.0K – $681.3K
NOI $40,879 @ 7.0% cap · market cap 3.72%
Second Best
Industrial
$378.1K
$330.8K – $441.1K
NOI $26,465 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,102 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
718
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Extra Space Storage
Shops & Services
718 visits/mo
0.3 miles
Demographics for 01906, MA
28,619
Population
11,259
Households
2.5
Avg Household Size
45
Median Age
31%
College-Educated
91%
High-School Grad
11.6 sq mi
ZIP Area
2,467
Density / Sq Mi
$100,819
Median Household Income
$52,189
Median Earnings
$1,982
Median Rent
$589,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Littlefield Real Estate — 38 Main St, Saugus, MA 01906
- Monument Square Auto Service, Inc — 9 Main St #11, Saugus, MA 01906
- Frank's Gulf — 16 Hamilton St, Saugus, MA 01906
- Window Tinting Guys of Saugus — 28 Taylor St, Saugus, MA 01906, United States
- Saugus Auto Repair inc — 74 Hamilton St, Saugus, MA 01906
Frequently Asked Questions
What type of property is this?
Auto shop - Well-established auto body shop with fenced yard and central AC.
Where is this auto shop located?
The property is located at 177 Central St Saugus, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Well‑established auto body shop building.; Garage fits 7 cars with **2 insulated power garage doors (12'x12')**.; Fenced yard holds up to 10 cars.
