Key Peninsula Hwy NW Gig Harbor, WA 98329
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
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
Nearby Similar for Sale
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.
