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    OFF-MARKET
    Auto shops

    318 Orange St, Conneaut, OH 44030-2508

    2,384 SF 0.23 ac lot Built 1926
    Individually Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US66-1853923
    Property summary
    AI-generated overview

    This exceptional 3-bay automotive repair shop at 318 Orange Street, Conneaut, OH, presents a unique opportunity for a savvy investor. Spanning a 0.23-acre lot, this fully operational business boasts a top-of-the-line setup, ready for immediate operation. The current owners, with over 20 years of experience, have cultivated a substantial and loyal customer base, ensuring a smooth transition for the new owner. The shop features a custom-built front office and waiting area, complete with ample storage and a welcoming atmosphere, providing a comfortable space for client interactions and overlooking the convenient parking lot. The garage is equipped with three lifts, a comprehensive Snap-on diagnostic center, a Snap-on battery charger, a pipe bender with dies, a 10hp plumbed air compressor with hose reel, a Snap-on tire machine and balancer, oil caddies with oil tanks and a pump system, and an alignment machine and rack. The building is equipped with 3-phase electric, mini-split air conditioning units in the office, and a security alarm system. The asking price is $500,000. The current owners are open to assisting with a seamless business transfer, offering valuable continuity and support for the new operator. This is a rare chance to acquire a thriving, established business with significant potential for growth in a desirable location.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1926
    Total area 2,384 SF
    Lot 0.23 ac (10,062 SF)
    APN 12-113-00-009-00
    UPID US66-1853923
    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
    Current use
    Occupant on record · Public records
    • State Street Auto & Tire Services Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    State Street Auto Sales & Svc · 14 yrs held
    State Street Auto Sales & Svc
    since 2012
    3 recorded transactions
    2012
    2009
    $50,000
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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