180 Main St Somerville, OH 45064-9576
This exceptional investment opportunity presents a 2,602 square foot Class C auto shop in Somerville, Ohio, currently generating $2,000 monthly passive income. Located at 180 S Main St, 45064, this property features two buildings on a 21,685 square foot lot with 30 parking spaces. The property includes three drive-in bays (one 12' clear height, two 10' clear height), newer overhead doors, a 9,000lb 2-post lift, compressor hookups, renovated offices with concrete floor armor, polished concrete service bays, and a newly poured parking lot. Recent renovations (2023) included fresh interior/exterior paint. A detached storage structure and additional adjacent vacant land parcels (each with street access) offer significant expansion potential. The current tenant, a state-certified towing company with over 10 years of operation, occupies the space under a gross lease. The property is zoned for commercial garage use and boasts 63 feet of Main Street frontage. The asking price is $225,000 ($86.47/sq ft), with an occupancy date of August 23, 2024. This turnkey operation provides a stable income stream and substantial upside for future development. A 30-day notice is required for existing tenants, if applicable.
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Isaac's Auto Group LLC Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
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.