Property profile

318 Orange St Conneaut, OH 44030

OFF-MARKET
Auto shops
Property ID
US66-1853923
2,384 SF 0.23 ac lot Built 1926
Individually Owned 14-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

318 Orange St Conneaut, OH 44030-2508
Conneaut metro Census 103 ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2012
3 recorded transactions
2012
Price N/A
2009
$50,000
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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