313 State Rte 96 Owego, NY 13827-2609
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZONE · Owego, NYCosts & 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.