Property summary
This exceptional investment opportunity presents a newly renovated, 6,500 square foot auto body and repair shop located at 26 Morris St, New Rochelle, NY 10801, in Westchester County. The property boasts a 3,000 square foot auto shop space, ideally suited for a variety of automotive businesses. Key features include a large spray booth, two lifts, and one frame lift, ensuring efficient and comprehensive vehicle repair capabilities. The shop benefits from a recently installed Modine heater and a new roof, minimizing maintenance concerns. A 500 square foot office space complements the shop, featuring a newly renovated customer waiting area, a private office, and a bathroom with a shower. The property also includes climate control (heating and air conditioning). The expansive 3,000 square foot gated lot provides ample parking and storage space. The property is currently vacant, offering immediate occupancy for a new tenant. The asking price is $1,725,000, translating to $575 per square foot. 2022 property taxes were $13,429. This is a turnkey operation ready for immediate use, representing a strong return on investment in a desirable location. The gross lease structure simplifies management and ensures a predictable income stream. This single-tenancy property offers a straightforward and efficient investment strategy.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership
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Auto Repair Shop
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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