1 Confidential Ave Hobart, IN 46342
This exceptional investment opportunity presents a 2,284-square-foot, single-story garage building situated on a 0.33-acre lot in Hobart, Indiana. Constructed in 1930, the property boasts 100% occupancy and is currently utilized as an auto dealership and rental car business. The sale includes both the real estate and the established business, offering a unique chance for an operator to acquire a turnkey operation with significant growth potential. The asking price is $800,000, translating to $350.26 per square foot. The seller is offering favorable financing terms, including floor plan financing, to facilitate a smooth transition. A key staff member will assist with the transition, ensuring operational continuity. The business benefits from a dedicated team of six experienced employees, contributing to its efficient operational structure and low overhead. This presents a rare opportunity to acquire a well-established business with a strong community presence and a solid foundation for future success. The property's long-term stability is further enhanced by the inclusion of the real estate in the sale. The seller, after over five decades of operation, is seeking retirement, making this a compelling acquisition for a buyer seeking both a business and a valuable real estate asset.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.