9707 Key Peninsula NW Hwy Gig Harbor, WA 98329-6635

Exceptional opportunity to acquire a well-established auto repair shop located at 9707 Key Peninsula Hwy NW, Gig Harbor, WA 98329. This single-story, 3,488 square foot building sits on a substantial 2.47-acre lot (107,593 sq ft), boasting 250 feet of road frontage. Built in 2002, the property features six bays, a fenced area accommodating up to 50 vehicles, dual drive-through entries, and a wired security system. The current asking price for the real estate is $849,990, representing a compelling 7.06% capitalization rate based on a net operating income (NOI) of $60,000. The property's current lease, offered at $5,000 per month triple net, further enhances its investment potential. Showings are by appointment only, after 3 PM, and cannot be conducted during business hours. The sale is contingent upon the separate sale of the business currently operating on the premises. SBA loan options may be available. This is a rare opportunity to own a thriving, established business and property in a prime location. The property's parcel number is 0022364007.