Property profile

540 Patterson St Alliance, OH 44601

OFF-MARKET
Auto shops
Property ID
US66-1610128
5,241 SF 0.49 ac lot Built 1931
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 540 E Patterson Street in Alliance, Ohio, presents a significant investment opportunity. Spanning 5,241 square feet on a 0.49-acre lot, the building boasts a versatile layout ideal for a variety of businesses. Previously utilized as a thriving mechanic and auto detailing shop, the property is equipped with substantial space for various operations. The layout includes a well-appointed office area, divided into three distinct sections: a main office/lobby (approximately 242 sq ft), a secondary office/lobby (approximately 121 sq ft), and a back office (approximately 132 sq ft). Ample storage is available in a dedicated 140 sq ft area. The main work bay, measuring approximately 2400 sq ft, is equipped with two Matco lifts and tire machines, ready for immediate use. A separate detailing bay of approximately 990 sq ft provides additional space for specialized services. A rear bay, approximately 323 sq ft, offers further flexibility. The property's prime location and substantial size make it an attractive prospect for entrepreneurs seeking a well-established space or investors looking for a strong return. Priced at $159,900, this property offers a compelling opportunity to capitalize on a thriving market. The existing infrastructure and equipment provide a significant advantage for a quick and efficient start-up or expansion.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1931
Construction FRAME
Total area 5,241 SF
Lot 0.49 ac (21,401 SF)
APN 01-13877
UPID US66-1610128

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

540 Patterson St Alliance, OH 44601-2460
Alliance metro Census 710200 CANTON-MASSILLON, OH METROPOLITAN 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
$220k

Owner & transaction history

since 2023
Last sale
$30,000
7 recorded transactions
2023
Price N/A
2015
$30,000
2012
$40,000
2010
Price N/A
2010
$30,000
2009
Price N/A
1969
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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