Automotive Garage with
2473 N Center Ave Somerset, PA 15501
2473 N Center Ave, Somerset, PA, 15501
$899,000
For Sale
$899,000
A 4-bay garage building with office space and a break room, currently operating as a high-performance automotive business.
Property Size6,000 SF
Lot Size6.30 Acres
Price / SF$149.83
Days on Market103
Property Features for 2473 N Center Ave
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 6.30 Acres
Listing Agency
REALTY ONE GROUP LANDMARK SOMERSET
(814) 279-1733
Listed by
Lee Hoffman
(814) 279-1733
Source
Exprealty
Added: Apr 7 Checked: Jul 16 at 9:08 pm
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 REALTY ONE GROUP LANDMARK SOMERSET
Investment Insights
Based on property information with market context.
This 6,000 square foot building is currently utilized as a high-performance automotive business and includes a 4-bay garage. The property also features office space, along with additional offices and a break room area. The garage building is described as meticulously maintained, and the layout can support continuing automotive use or other business pursuits.
The parcel totals 6.3 acres and extends to the rear of the property. The land is mainly level and is currently used as additional parking, with stated potential for further development.
For buyers or tenants looking for a functional automotive-focused workspace combined with dedicated office and support space, this property offers an existing garage setup and flexible interior areas within a larger, level site.
The parcel totals 6.3 acres and extends to the rear of the property. The land is mainly level and is currently used as additional parking, with stated potential for further development.
For buyers or tenants looking for a functional automotive-focused workspace combined with dedicated office and support space, this property offers an existing garage setup and flexible interior areas within a larger, level site.
Key Highlights
- 6,000 SF building currently used as a high‑performance automotive business
- 4‑bay garage building with office space plus offices and a break room
- 6.3‑acre parcel with land that extends to the rear of the property
Local Financial Insights For Industrial
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 | $53.0k | $8.83 |
| − Vacancy | −$3.0k | −$0.49 |
| EGI | $50.0k | $8.34 |
| − OpEx | −$15.0k | −$2.50 |
| NOI | $35.0k | $5.83 |
6,000 SF · lease $8.83/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.14M
NOI $128,512 @ 7.0% cap · market cap 14.29%
Second Best
Office B
$1.51M
$1.32M – $1.76M
NOI $105,851 @ 7.0% cap · market cap 11.77%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,056 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rhodes Performance Machine
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Cadillac Service Center — 2006 N Ctr Ave, Somerset, PA 15501
- Body Shop - Memorial Highway Chevrolet of Somerset — 2006 N Ctr Ave, Somerset, PA 15501
- Kenny Ross Chevrolet Service Center — 2006 n center ave suite a, somerset, pa 15501
- Walmart Auto Care Centers — 2028 N Ctr Ave, Somerset, PA 15501
FAQs
What type of property is this?
Auto shop - A 4-bay garage building with office space and a break room, currently operating as a high-performance automotive business.
Where is this auto shop located?
The property is located at 2473 N Center Ave Somerset, PA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 6,000 SF building currently used as a high‑performance automotive business; 4‑bay garage building with office space plus offices and a break room; 6.3‑acre parcel with land that extends to the rear of the property
