Us-1 Florida Ridge, FL 32962
- Warehouses
- 7,618 SF
- 0.62 lot acres
Current Use by Public Records
- Warehouses
Property Details for 0 Us-1
- Year built
- 1983
- Lot size
- 0.62 lot acres
- Property size
- 7,618 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a thriving, established automotive repair facility and car wash situated on a prominent corner of US Highway-1 in Vero Beach, Florida. The property encompasses a 7,618 square foot warehouse built in 1983 and renovated in 1996, situated on a 0.62-acre lot. The automotive repair facility boasts two drive-through jumbo bays with inspection pits, a dedicated lift bay, and state-of-the-art equipment including seven new flush machines, two new AC machines, a new lift, diagnostic equipment, and a new alignment machine. This facility services over 125 vehicles weekly, benefiting from multiple fleet contracts and generating over $1 million in gross revenue in 2023, with zero advertising expenditure. The business maintains a 58% margin, resulting in over $500,000 in annual profit. The car wash component features six bays: two touchless automatic bays, four self-service bays, and eight vacuums. It generates over $275,000 in annual gross revenue and boasts minimal operating expenses, contributing over $250,000 to the bottom line. The combined businesses enjoy a total net operating income exceeding $750,000 annually. The property is zoned for Commercial General use and presents a significant opportunity for continued growth and profitability. The asking price for this turnkey operation, including real estate, business, supplies, parts, and equipment, is $2,500,000. The property's location on US-1 ensures high visibility and accessibility.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Florida Ridge
- County
- Indian River
- State
- Florida
- Longitude
- -80.3819
- Latitude
- 27.6073
