418 Sugar St Brownstown, IN 47220-1541
- Parking lots & garages
- 4,280 SF
- 0.26 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 418 Sugar St
- Year built
- 1991
- Construction
- WOOD
- Lot size
- 0.26 lot acres
- Property size
- 4,280 SF
- Property type
- Parking lots & garages
- APN
- 36-54-11-404-053.000-002
- APU
- 365411404053000002
Description
This exceptional turnkey business opportunity encompasses a well-established mechanic garage located at 418 N Sugar Street, Brownstown, IN. The property sits on a 0.26-acre lot and offers a substantial 5720 square feet of space under roof. The main building features five bays equipped with five lifts, providing ample workspace for various automotive repair needs. In addition to the main garage, there's a convenient lean-to with four additional bays, expanding storage and operational capacity. The property also includes a dedicated office, a break room, and a half-bath for employee convenience. Climate control is provided by window air conditioning units. Heating is efficiently handled by both oil and natural gas systems. The property is connected to the city sewer system. Extensive outdoor parking is available, including an additional parking area located directly across the street. The sale includes a comprehensive inventory of tools and equipment, ready for immediate use, including a 70-ton press, tire changer, tire balancer, two air compressors, all necessary air tools, a Snap-on A/C machine, a welder, a substantial inventory of tires, and an air pressure tank. This well-maintained building has served as a successful mechanic garage for nearly a decade, offering a proven track record and immediate income potential. This is a rare opportunity to acquire an established, profitable business with all the necessary equipment and infrastructure in place. The asking price is $139,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $395,000
- 7%
- $430,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $455,000
- Mixed-Use
- $385,000
- Hospitality
- $445,000
- Educational
- $450,000
- Residential Income
- $365,000
- Energy
- $435,000
- Income-Based Land
- $350,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Brownstown
- County
- Jackson
- State
- Indiana
- Longitude
- -86.039
- Latitude
- 38.8822
- CBSA code
- 42980
- CBSA name
- SEYMOUR, IN MICROPOLITAN STATISTICAL AREA