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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
Added:
Jul 4, 2024
Days on Market:
663
Last Refresh:
Mar 17 at 1:26 pm

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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Listing Contact
Dave Hilbert

Listing agent Dave Hilbert License #WA 11415

Listing office Real Estate 2000 Corporation

Listing date Jul 4, 2024

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 Real Estate 2000 Corporation


Overview

Profitable Auto Repair Business Opportunity

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 Insight Report Location Intelligence

Current Use by Public Records

Auto shops

Map

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

FAQs

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.
More about this property
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