Property summary
This exceptional 5,600 square foot commercial building, located at 338 Childs Street in Albion, NY, presents a unique investment opportunity. Situated on a 0.74-acre lot, the property boasts a recently completed Phase 1 (February 23, 2023), ensuring a clean and issue-free transition for the new owner. The current business enjoys a diverse clientele, including contracts with the village, county, and two correctional facilities. All existing customer contacts will transfer with the sale, providing immediate revenue streams. The sale includes all necessary equipment, excluding the current technician's personal tools. A significant advantage is the seller's willingness to remain for three years as a technician, facilitating a seamless transition and preserving valuable relationships with established clients. This ensures continuity and minimizes disruption to the ongoing operations. The seller's extensive knowledge of the business and its customer base represents an invaluable asset for the buyer. An adjacent vacant lot is also available for purchase, offering potential for expansion or future development. This turnkey operation presents a compelling opportunity for a savvy investor seeking a profitable and established commercial venture. The asking price is $485,000.
Property profile
VerifiedCap rate & NOI
Current use
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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
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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