Established Automotive Business For
922 US-70, Garner, NC 27529
Call to check price and availability
Turn-key automotive business with versatile CMX zoning and high visibility.
Type:Retail
Property size:
8,323 SFLot size:
0.60 AcresPrice / SF:
$264/SF- Added:
- Mar 24, 2026
- Days on Market:
- 96
- Last Refresh:
- Mar 25 at 9:00 pm
Property Features for 922 US-70
General Information
- Standard status
- Active
- Size
- 8,323 SF
- Lot size
- 0.60 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing office Matthews (813) 488-0853
Listing date Mar 24, 2026
Source Crexi
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 Matthews
HighLights
- Turn‑Key Automotive Business: Established operation with diversified revenue, all FF&E included.
- Versatile CMX Zoning: Permits a wide range of commercial and mixed‑use applications.
- High‑Visibility Location: Prominent frontage on US Highway 70 with high traffic count.
- Opportunity Zone: Potential tax advantages combined with strong demographics and I‑40 access.
- Functional Layout: Eight bay doors, downdraft flooring, and ±8,323 SF facility.
- Strong Population Growth: Located in Garner, one of the fastest‑growing municipalities nationally.
Overview
This established automotive business, operating for over 52 years, is offered as a turn-key operation with a diversified and stable revenue base. Significant potential remains for operational efficiencies and revenue growth. The sale includes all FF&E, such as a paint booth, lifts, frame machines, alignment equipment, and air compressor, enabling immediate continuation of operations. The property benefits from versatile CMX zoning, permitting a wide range of commercial and mixed-use applications. The facility features eight bay doors of varying sizes, allowing efficient workflow and high vehicle throughput. It is purpose-built with downdraft flooring enhancing operational efficiency and environmental control. Located within a designated Opportunity Zone, the property offers potential tax advantages. The heated space measures approximately 8,323 square feet, including two separate office areas, storage, and expansive service areas. The approximately 0.6-acre parcel supports around 40 customer parking spaces. The property has prominent frontage along US Highway 70, with traffic counts of approximately 37,320 vehicles per day. Garner has experienced approximately 15.65% population growth between 2023–2024, adding nearly 21,000 residents within a 5-mile radius. The property offers owner-user or investment optionality, allowing an owner-operator to occupy the entire facility or lease a portion for passive income generation.
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 | $224.7k | $27.00 |
| − Vacancy | −$13.8k | −$1.65 |
| EGI | $211.0k | $25.35 |
| − OpEx | −$63.3k | −$7.60 |
| NOI | $147.7k | $17.74 |
8,323 SF · lease $27.00/SF/yr · vacancy 6.12% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.11M
$1.85M – $2.46M
NOI $147,678 @ 7.0% cap · market cap 6.71%
Second Best
Industrial
$761.0K
$665.9K – $887.8K
NOI $53,270 @ 7.0% cap · market cap 2.42%
Theoretical Best
Specialty Retail
$2.38M
$2.08M – $2.77M
NOI $166,350 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
- Us 70 inspection alignment & more — 716 US-70, Garner, NC 27529
- Garner Auto Inspections, Alignment & More — 1100 W Garner Rd, Garner, NC 27529
- Cottman Transmission — 515 village ct, garner, nc 27529
- Joe Hudson's Collision Center — 1308 Bobbitt Dr, Garner, NC 27529
- Jones Pressure Washing and Landscaping, LLC
Location Insight
- Map
- Local Demand
- City
- Garner
- County
- Wake
- State
- North Carolina
- Longitude
- -78.5748
- Latitude
- 35.6418
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Turn-key automotive business with versatile CMX zoning and high visibility.
Where is this auto shop located?
The property is located at 922 US-70 Garner, NC.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Turn‑Key Automotive Business: Established operation with diversified revenue, all FF&E included.; Versatile CMX Zoning: Permits a wide range of commercial and mixed‑use applications.; High‑Visibility Location: Prominent frontage on US Highway 70 with high traffic count.
