Profitable Auto Repair Business
For Sale
Contact for pricing
Pending
Key Peninsula Hwy NW, Gig Harbor, WA 98329
Established auto repair business for sale with real estate opportunity.
Property SizeContact for details
Lot Size2.47 Acres
Days on Market779
Property Features for Key Peninsula Hwy NW
General Information
Standard status
Pending
Lot size
2.47 Acres
Property subtype
Business for Sale
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Real Estate 2000 Corporation
Listed By:
Dave Hilbert · License #WA 11415
Source:
Crexi
Added: Jul 4, 2024
Changed: Aug 8
Last Checked: Jul 25 at 5:57AM
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 Real Estate 2000 Corporation
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98329, WA
10,960
Population
4,545
Households
2.4
Avg Household Size
44
Median Age
29%
College-Educated
96%
High-School Grad
26.0 sq mi
ZIP Area
422
Density / Sq Mi
$107,675
Median Household Income
$55,962
Median Earnings
$1,666
Median Rent
$476,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Absolute Auto Care — 9707 Key Peninsula Hwy NW, Gig Harbor, WA 98329
- Glen Cove Repair — 15312 92nd St NW, Gig Harbor, WA 98329
- Code Red Trucking — 9916 Key Peninsula Hwy NW, Gig Harbor, WA 98329
Frequently Asked Questions
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.
