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Property profile & analytics
OFF-MARKET
Gas stations

313 State Rte 96 Owego, NY 13827-2609

2,226 SF 0.62 ac lot Built 1980
Individually Owned 18-yr Hold Free & Clear
Property ID
US63-3026184
Property summary
AI-generated overview

This exceptional turnkey business opportunity in Owego, NY, presents a rare chance to acquire an established automotive repair shop and sales center with a loyal customer base exceeding 2000 clients. Strategically located between Owego and Ithaca, this property boasts a prime location for continued success. The main building features three spacious bays equipped with lifts and 10-foot overhead doors, ideal for efficient vehicle servicing. An additional separate garage bay, complete with an 8-foot overhead door, offers versatile potential, perhaps as a detailing shop. The 23' x 17' office space includes a comfortable waiting area, a restroom, and a kitchenette, complemented by a large back deck providing scenic views. A second-floor lounge or office area adds further flexibility. A walk-out basement, situated beneath the office, offers additional storage and includes a restroom. The office area benefits from central air conditioning, while the building utilizes fuel oil heating. The garage is heated by a waste oil furnace. Recent upgrades include a new steel roof, new garage doors, and a new well, ensuring the property is well-maintained and energy-efficient. Included in the sale are valuable assets such as a compressor with air lines, a tire machine and balancer, a parts washer, an AC refrigerant management center, and a NYS inspection machine. An automotive expert billing guide is also provided to facilitate a smooth transition. The sizable office space presents an opportunity for a secondary business venture. The property currently houses a real estate office, but this space could be easily adapted to suit a variety of uses. Two full-time mechanics and a sales manager are currently employed at the shop. This is a truly exceptional opportunity for an entrepreneur seeking a well-established and profitable business with significant growth potential.

Property profile
Verified
Property type Gas stations
Use group GAS STATION
Year built 1980
Total area 2,226 SF
Lot 0.62 ac (27,007 SF)
Zoning code ZONE
APN 493600 106.09-1-6.20
UPID US63-3026184
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Steven J Hill · 18 yrs held
Steven J Hill
since 2008
1 recorded transaction
2008
$50,000
Zoning & alternative use
ZONE · Owego, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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