Turnkey Auto Repair
2301 Parade St Erie, PA 16503
2301 Parade St, Erie, PA, 16503
$475,000
For Sale
$475,000
Well-equipped automotive shop on a highly visible, high-traffic corner, including lifts, inspection equipment, and tool inventory.
Property Size1,815 SF
Price / SF$261.71
Days on Market10
Property Features for 2301 Parade St
General Information
- Standard status
- Active
- Size
- 1,815 SF
Listing agency
RE/MAX Lakeland Realty - Erie
(814) 860-6139
Listed by
Max Rankin · License #RS335659
(814) 860-6139
Source
Exprealty
Added: Jul 13 Updated: Jul 21 at 11:17AM Checked: Jul 22 at 8:16AM
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 RE/MAX Lakeland Realty - Erie
Investment Insights
Based on property information with market context.
This is a turnkey automotive business opportunity built for immediate operation. The sale includes automotive lifts, inspection equipment, machines, and an extensive inventory of tools and equipment, along with everything needed to continue running the shop.
The property is located in Erie on Parade Street within the Parade Street Renaissance Corridor, positioned on a highly visible, high-traffic corner for strong storefront exposure. The offering is designed for an owner-operator or an operator looking to step into a working setup with core shop equipment already in place.
The property is located in Erie on Parade Street within the Parade Street Renaissance Corridor, positioned on a highly visible, high-traffic corner for strong storefront exposure. The offering is designed for an owner-operator or an operator looking to step into a working setup with core shop equipment already in place.
Key Highlights
- Well‑equipped automotive shop on a highly visible, high‑traffic corner location
- Business sale includes automotive lifts for service work
- Includes inspection equipment and machines used for automotive servicing
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 | $32.7k | $18.00 |
| − Vacancy | −$3.4k | −$1.89 |
| EGI | $29.2k | $16.11 |
| − OpEx | −$8.8k | −$4.83 |
| NOI | $20.5k | $11.28 |
1,815 SF · lease $18.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$292.4K
$255.9K – $341.1K
NOI $20,468 @ 7.0% cap · market cap 4.31%
Second Best
Industrial
$160.4K
$140.3K – $187.1K
NOI $11,225 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$450.3K
$394.0K – $525.3K
NOI $31,520 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
M&H Auto Sales ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Glenwood Automotive — 2915 Glenwood Park Ave, Erie, PA 16508
- Right Fleet Towing Company — 2609-11 Peach St, Erie, PA 16508
- C & J Automotive Performance — 2802 Glenwood Park Ave, Erie, PA 16508
- Fleet Repair — 2615 Myrtle St, Erie, PA 16508
- Apex Auto Service Center — 2615 Peach St, Erie, PA 16508
FAQs
What type of property is this?
Auto shop - Well-equipped automotive shop on a highly visible, high-traffic corner, including lifts, inspection equipment, and tool inventory.
Where is this auto shop located?
The property is located at 2301 Parade St Erie, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Well‑equipped automotive shop on a highly visible, high‑traffic corner location; Business sale includes automotive lifts for service work; Includes inspection equipment and machines used for automotive servicing
