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    1568 Ocean Ave Bohemia, NY 11716

    For Sale
    $699,000

    Turnkey Auto Collision Business, High Profits, 5-Year Lease

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional opportunity presents a thriving auto collision and repair business located at 1568 Ocean Ave, Bohemia, NY 11716, in Suffolk County. Priced at $699,000, this turnkey operation boasts 5,000 square feet across a single-story building, encompassing four units. The property includes a substantial 12-space parking lot, catering to both customers and employees. A significant advantage is the existing 5-year lease, providing immediate stability and long-term potential. The business is fully equipped with high-quality tools and machinery, including an Ingersoll Rand Air Compressor, a Jaguar Frame Machine, and a Spray Booth, ensuring efficient and professional service. Further enhancing its profitability, the business benefits from established towing agreements and dealer vendor relationships. Detailed financial information is available upon request, subject to a non-disclosure agreement. The seller is motivated to retire, making this a compelling investment for an entrepreneur seeking a profitable and established auto-related business. This is a rare opportunity to acquire a well-established and profitable business with significant growth potential. Don't miss out; seize this chance to own a successful enterprise in a prime location.

    Property Features for 1568 Ocean Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    5,000 SF

    Building Details

    Stories
    1
    Units
    4

    HighLights

    • $699,000 asking price for this established business.
    • Turnkey auto collision and repair shop in Bohemia, NY.
    • 5,000 square foot building with 12 parking spaces.
    • Includes significant equipment (Ingersoll Rand Air Compressor, Jaguar Frame Machine, Spray Booth).
    • 5‑year lease in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dart Manufacturing Manufacturer Finest Auto Outlet Car Dealer New Tech Auto ... Auto Body Shop The Window Source Of Long ... Window Supplier Kram Equipment Inc Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bohemia
    County
    Suffolk
    State
    New York
    Longitude
    -73.1216842
    Latitude
    40.7840463

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    FAQs

    What type of property is this?
    Automotive property - Turnkey Auto Collision Business, High Profits, 5-Year Lease
    Where is this automotive property located?
    The property is located at 1568 Ocean Ave Bohemia, NY.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: $699,000 asking price for this established business.; Turnkey auto collision and repair shop in Bohemia, NY.; 5,000 square foot building with 12 parking spaces.
    Request Owner's contact information
    1568 Ocean Ave Bohemia, NY 11716
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    Bohemia, NY 11716
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1568 Ocean Ave Bohemia, NY 11716
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