Turnkey Auto Body Repair
298 Village Street Medway, MA 02053
298 Village Street, Medway, MA, 02053
$895,000
For Sale
$895,000
Fully operational collision repair property offered with real estate, equipment, business, and established client base.
Property Size2,558 SF
Lot Size0.30 Acres
Price / SF$349.88
Days on Market11
Property Features for 298 Village Street
General Information
- Standard status
- Active
- Size
- 2,558 SF
- Lot size
- 0.30 Acres
Building Details
- Year Built
- 1930
Listing Agency
DMG Brokerage, LLC
Listed by
Dan M Gardner
Source
Laerrealty
Added: Jul 7 Checked: Jul 17 at 2:33 am
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 DMG Brokerage, LLC
Investment Insights
Based on property information with market context.
This turnkey offering includes the real estate, an established auto body and collision repair business, equipment, and a client list. The property is a fully equipped shop designed for immediate continued operation, with the sale structured for an owner-operator or an expansion of an existing automotive operation. The building is approximately 2,600 square feet and sits on about 0.297 acres.
The facility is located at 298 Village Street in Medway, MA, and has served as a long-standing collision repair operation for years. The public remarks indicate existing customer relationships and insurance relationships tied to the ongoing business.
For prospective operators, this is a practical path to take over a functioning repair shop without rebuilding from the ground up. Buyers can evaluate the included shop setup alongside the included equipment and existing client base to support continuity of operations, while retaining ownership of the underlying property to anchor the business long-term. This combination of real estate and operating components is intended to support immediate use rather than a start-from-scratch scenario.
The facility is located at 298 Village Street in Medway, MA, and has served as a long-standing collision repair operation for years. The public remarks indicate existing customer relationships and insurance relationships tied to the ongoing business.
For prospective operators, this is a practical path to take over a functioning repair shop without rebuilding from the ground up. Buyers can evaluate the included shop setup alongside the included equipment and existing client base to support continuity of operations, while retaining ownership of the underlying property to anchor the business long-term. This combination of real estate and operating components is intended to support immediate use rather than a start-from-scratch scenario.
Key Highlights
- Includes the business, real estate, equipment, and established client list
- Approximately 2,600 SF auto body and collision repair building on 0.297 acres
- Fully equipped shop for immediate continued operation
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 | $63.8k | $24.96 |
| − Vacancy | −$1.7k | −$0.65 |
| EGI | $62.2k | $24.31 |
| − OpEx | −$18.7k | −$7.29 |
| NOI | $43.5k | $17.02 |
2,558 SF · lease $24.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$621.9K
$544.1K – $725.5K
NOI $43,531 @ 7.0% cap · market cap 4.86%
Second Best
Industrial
$388.7K
$340.1K – $453.5K
NOI $27,209 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,003 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Limerick Collision
Auto Repair Shop
Similar Off Market Nearby
- Hogan Tire & Auto — 85 Main St, Medway, MA 02053
- MCH Cycles — 10 Lincoln St, Medway, MA 02053
- Havens Auto Body Repair — 117 Main St, Medway, MA 02053
- Limerick Collision — 298 Village St, Medway, MA 02053
- Chris' Auto & Truck — 10 Lincoln St, Medway, MA 02053
FAQs
What type of property is this?
Auto shop - Fully operational collision repair property offered with real estate, equipment, business, and established client base.
Where is this auto shop located?
The property is located at 298 Village Street Medway, MA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Includes the business, real estate, equipment, and established client list; Approximately 2,600 SF auto body and collision repair building on 0.297 acres; Fully equipped shop for immediate continued operation
