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Profitable Auto Repair Business Opportunity

Key Peninsula Hwy NW, Gig Harbor, WA 98329

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For Sale

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Established auto repair business for sale with real estate opportunity.

Type:Business for Sale

Lot size:

2.47 Acres

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Dave Hilbert

Real Estate License ID: WA 11415

HighLights

Established auto repair business with a 17+ year operating history.
High 45.75% Cap Rate based on current financials.
Significant income potential, with a possibility to net over $600K yearly based on 2023 numbers.
Gross revenue of $1,162,588 and Net Income of $297,438 in 2024.
Fully stocked auto repair building with a vast inventory of tools included.
Large 2.47‑acre property featuring a 6‑bay auto center, fenced area for 50 cars, and dual drive‑through entries.

For Sale

Contact for pricing

Established auto repair business for sale with real estate opportunity.

Type:Business for Sale

Lot size:

2.47 Acres

Added:: Jul 4, 2024
Days on Market:: 734
Last Refresh:: Jun 26 at 12:56 am

Property Features for Key Peninsula Hwy NW

General Information

Standard status: Active
Lot size: 2.47 Acres
Property subtype: Business for Sale

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Contact an agent

Dave Hilbert

Listing office Real Estate 2000 Corporation

Listing date Jul 4, 2024

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of Real Estate 2000 Corporation

HighLights

Established auto repair business with a 17+ year operating history.
High 45.75% Cap Rate based on current financials.
Significant income potential, with a possibility to net over $600K yearly based on 2023 numbers.
Gross revenue of $1,162,588 and Net Income of $297,438 in 2024.
Fully stocked auto repair building with a vast inventory of tools included.
Large 2.47‑acre property featuring a 6‑bay auto center, fenced area for 50 cars, and dual drive‑through entries.

Overview

An auto repair business is available for purchase, operating within a 6-bay auto center that has been established for over 17 years. The property spans 2.47 acres and includes a fully stocked auto repair building with a vast inventory of tools. The business lease is to be negotiated with the seller, currently offered at $5,000 per month, triple net. In 2024, the business generated a gross income of $1,162,588 and a net income of $297,438, representing a 45.75% cap rate. There is potential to net over $600,000 yearly if operated by a family of mechanics, based on 2023 numbers. Expanding business hours could further increase profit. The property features a fenced area accommodating 50 cars, dual drive-through entries, and wired security. The property is located on Key Peninsula Hwy NW, Gig Harbor, WA 98329.

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Map

City: Gig Harbor
County: Pierce
State: Washington
Longitude: -122.737556
Latitude: 47.349561

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For sale
Auto shops
WA
Gig Harbor
98329
Key Peninsula Hwy NW

What type of property is this?

Auto shop - Established auto repair business for sale with real estate opportunity.

Where is this auto shop located?

The property is located at Key Peninsula Hwy NW Gig Harbor, WA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Established auto repair business with a 17+ year operating history.; High 45.75% Cap Rate based on current financials.; Significant income potential, with a possibility to net over $600K yearly based on 2023 numbers.