Turnkey Auto Body Repair
For Sale
$1,599,900
20 Woodland St, Methuen, MA 01844
Established auto body shop with real estate for sale.
Property Size5,600 SF
Lot Size0.71 Acres
Price / SF$285.70
Days on Market228
Property Features for 20 Woodland St
General Information
Standard status
Active
Size
5,600 SF
Lot size
0.71 Acres
Property subtype
Commercial
Zoning
RD
Taxes and HOA fees
Annual Taxes
$11,494
Building Details
Year Built
1920
Listing Agency:
LAER Realty Partners
(978) 777-5509
Listed By:
LeeAnne Trohon
(978) 771-8081
Source:
Churchillprop
Added: Mar 12
Changed: Oct 6
Last Checked: Oct 24 at 3:04PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,010
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,200
$1.8M
Cap Rate 7%
$1,314,429
$1.3M
Cap Rate 9%
$1,022,333
$1.0M
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$134.4K $24.00/SF
− Vacancy
−$3.0K −$0.53/SF
EGI
$131.4K $23.47/SF
− OpEx
−$39.4K −$7.04/SF
NOI
$92.0K $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%
$1,840,200
Cap Rate 7%
$1,314,429
Cap Rate 9%
$1,022,333
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $92,010 @ 7.0% cap · market cap 5.75%
Second Best
Industrial
$851.0K
$744.6K – $992.8K
NOI $59,567 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,063 @ 7.0% cap · market cap 14.50%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
8,496 visits/mo
0.4 miles
Demographics for 01844, MA
52,970
Population
19,496
Households
2.7
Avg Household Size
42
Median Age
30%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
2,397
Density / Sq Mi
$103,292
Median Household Income
$52,176
Median Earnings
$1,610
Median Rent
$471,900
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
Similar Off Market Nearby
- Harry’s Auto Body — 1030 Riverside Dr, Methuen, MA 01844
- Excel Auto Body LLC — 1020 Riverside Dr, Methuen, MA 01844
- Pro Auto Repair — 1020 Riverside Dr, Methuen, MA 01844
- V.N.A Towing — 652 Lowell St, Lawrence, MA 01841
- State Inspection Vehicle Check — 576 Haverhill St, Lawrence, MA 01841
Frequently Asked Questions
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 $1,599,900.
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.
