Auto Body Repair Shop with Real
For Sale
$1,599,900
20 Woodland St, Methuen, MA 01844
Turnkey auto body facility with four drive-in bays, vehicle lifts, and a professional spray booth on a large paved lot.
Property Size5,660 SF
Lot Size0.71 Acres
Price / SF$282.67
Days on Market127
Property Features for 20 Woodland St
General Information
Standard status
Active
Size
5,660 SF
Lot size
0.71 Acres
Property subtype
Business Opportunity
Zoning
RD
Additional Details
Business Included
Yes
Highway Access
Yes
Drive-In Doors
4
Building Details
Building Size
5,660 SF
Year Built
2009
Listing Agency:
LAER Realty Partners
Listed By:
LeeAnne Trohon
(978) 777-5509
Source:
Laerrealty
Added: Jun 4
Changed: Oct 6
Last Checked: Oct 7 at 9:30AM
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 combines a well-established auto body repair business with the underlying real estate. The property includes a 5,600± square foot building equipped for collision and refinishing work, featuring four drive-in garage bays, three vehicle lifts, and a 14 x 26 professional spray booth. Inside, the layout provides a large open workspace along with an office and reception area to support daily production and customer intake. The exterior includes an expansive lot with parking for approximately 50+/- vehicles, supporting both customer traffic and vehicle staging.
Access and visibility are supported by convenient connections to I-93, Route 28, and I-495. The site’s .71-acre footprint provides room for operations and vehicle handling, while the drive-in configuration supports efficient flow for repair work.
For an owner-operator, this is a practical setup built for day-to-day auto body operations, with core equipment already in place. For an investor, the asset is presented as a combined real estate and operating business opportunity, with the buyer to complete due diligence regarding the business and property. Potential buyers should verify all details and operating requirements through their own investigation.
Access and visibility are supported by convenient connections to I-93, Route 28, and I-495. The site’s .71-acre footprint provides room for operations and vehicle handling, while the drive-in configuration supports efficient flow for repair work.
For an owner-operator, this is a practical setup built for day-to-day auto body operations, with core equipment already in place. For an investor, the asset is presented as a combined real estate and operating business opportunity, with the buyer to complete due diligence regarding the business and property. Potential buyers should verify all details and operating requirements through their own investigation.
Key Highlights
- 5,600± SF auto body repair shop on a 0.71‑acre lot with four drive‑in garage bays
- Equipped with three vehicle lifts and a 14x26 professional spray booth
- Includes an office/reception area and a large open workspace for day‑to‑day operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,996
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,859,920
$1.9M
Cap Rate 7%
$1,328,514
$1.3M
Cap Rate 9%
$1,033,289
$1.0M
Market Conditions
NOI Build-Up for 5,660 SF
Gross rent
$135.8K $24.00/SF
− Vacancy
−$3.0K −$0.53/SF
EGI
$132.9K $23.47/SF
− OpEx
−$39.9K −$7.04/SF
NOI
$93.0K $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%
$1,859,920
Cap Rate 7%
$1,328,514
Cap Rate 9%
$1,033,289
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,996 @ 7.0% cap · market cap 5.81%
Second Best
Industrial
$860.1K
$752.6K – $1.00M
NOI $60,205 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,549 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Drive-in doors
Turnkey business
Opportunity
Yes
Highway access
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
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Similar Off Market Nearby
- Harry’s Auto Body — 1030 Riverside Dr, Methuen, MA 01844
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- 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 - Turnkey auto body facility with four drive-in bays, vehicle lifts, and a professional spray booth on a large paved lot.
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: 5,600± SF auto body repair shop on a 0.71‑acre lot with four drive‑in garage bays; Equipped with three vehicle lifts and a 14x26 professional spray booth; Includes an office/reception area and a large open workspace for day‑to‑day operations
