Turnkey Auto Repair
2234 Newton Street Akron, OH 44305
2234 Newton Street, Akron, OH, 44305
Contact for pricing
For Sale
Contact for pricing
Turnkey auto repair operation with a dedicated shop building and large customer parking area for convenient servicing.
Property Size5,320 SF
Lot Size0.45 Acres
Price / SF$159.77
Days on Market58
Property Features for 2234 Newton Street
General Information
- Standard status
- Active
- Size
- 5,320 SF
- Lot size
- 0.45 Acres
- Property subtype
- Retail, Business for Sale
Building Details
- Year Built
- 1962
Listing agency
Pathway Real Estate
(330) 592-0082
Listed by
Kara Hernandez · License #2019004277
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 5:56AM
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 Pathway Real Estate
Investment Insights
Based on property information with market context.
This turnkey auto repair shop is offered for sale as an operating business. The property includes a 5,320-square-foot building designed for automotive repair work, situated on approximately 0.4470 acres. A large parking area supports convenient access for customers and staff, helping keep daily operations functional and customer-friendly.
The shop is located at 2234 Newton Street in Akron, Ohio, on a high-visibility, high-traffic site as described in the offering. The property is set up to accommodate customer arrival and vehicle service activity through the onsite parking layout.
For an experienced auto repair operator, the most direct benefit is that the business is already operating from an appropriate repair facility, rather than requiring a new buildout from scratch. For buyers evaluating an automotive-focused investment, the combination of a dedicated shop building and substantial parking can support ongoing service operations and routine customer flow. The property is being presented as a complete, turn-key opportunity for ownership and continued use as an auto repair shop.
The shop is located at 2234 Newton Street in Akron, Ohio, on a high-visibility, high-traffic site as described in the offering. The property is set up to accommodate customer arrival and vehicle service activity through the onsite parking layout.
For an experienced auto repair operator, the most direct benefit is that the business is already operating from an appropriate repair facility, rather than requiring a new buildout from scratch. For buyers evaluating an automotive-focused investment, the combination of a dedicated shop building and substantial parking can support ongoing service operations and routine customer flow. The property is being presented as a complete, turn-key opportunity for ownership and continued use as an auto repair shop.
Key Highlights
- Automotive repair shop for sale at 2234 Newton Street, Akron, OH
- Established, fully operational business operating from a 5,320‑SF shop building
- Building sits on approximately 0.4470 acres with a large parking area
Local Financial Insights For Retail
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 | $88.7k | $16.68 |
| − Vacancy | −$2.9k | −$0.55 |
| EGI | $85.8k | $16.13 |
| − OpEx | −$25.7k | −$4.84 |
| NOI | $60.1k | $11.29 |
5,320 SF · lease $16.68/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$858.1K
$750.8K – $1.00M
NOI $60,066 @ 7.0% cap · market cap 7.07%
Second Best
Industrial
$354.4K
$310.1K – $413.5K
NOI $24,810 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,390 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Royal Repairs
Auto Repair Shop
Kelvington Auto Services
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Rush Truck Centers – Akron Service — 2697 Gilchrist Rd, Akron, OH 44305
- Rush Truck Centers – Akron Mobile Service — 2697 Gilchrist Rd, Akron, OH 44305
- Royal Repairs — 2234 Newton St, Akron, OH 44305
- Kelvington Auto Services — 2234 newton st, akron, oh 44305
- Armstrong Truck & Trailer Repair — 2700 Gilchrist Rd Suite G, Akron, OH 44305
FAQs
What type of property is this?
Auto shop - Turnkey auto repair operation with a dedicated shop building and large customer parking area for convenient servicing.
Where is this auto shop located?
The property is located at 2234 Newton Street Akron, OH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Automotive repair shop for sale at 2234 Newton Street, Akron, OH; Established, fully operational business operating from a 5,320‑SF shop building; Building sits on approximately 0.4470 acres with a large parking area
