Current Use by Public Records
- Specialty properties
Property Details for 1 Confidential Ave
- Year built
- 1930
- Lot size
- 0.33 lot acres
- Property type
- Specialty properties
- Property subtype
- Parking lots & garages
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hobart
- County
- Lake
- State
- Indiana
- Longitude
- -87.2419
- Latitude
- 41.5083
