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15544 Aurora Ave N 2,365 SF 100% Leased Retail Building Shoreline, WA 98133 $6,400,000 ($2,706.13/SF)
Investment Highlights
- SBA Loan Approved for Qualified Buyers
- Turnkey Business Opportunity
Executive Summary
Retirement Sale – Established Auto Repair Shop + Real Estate (Shoreline, WA)
Rare opportunity to acquire a profitable, family-owned auto repair business with real estate, proudly serving the community for over 40 years. The shop grosses $1.2M+ annually with an additional $45K in rental income. Sale includes a 26,647 SF lot on a prime corner in Shoreline, WA, centrally located near all services.
This offering delivers an 8.8% Cap Rate and has been SBA prequalified for a qualified buyer. A Phase I Environmental Report has been completed, and the property offers future development potential in a highly desirable location.
Services range from classic cars to daily drivers, and one partner is willing to remain as an employee to ensure a smooth transition.
An excellent opportunity for an owner-operator or investor seeking both a profitable business and a property with long-term upside.
Rare opportunity to acquire a profitable, family-owned auto repair business with real estate, proudly serving the community for over 40 years. The shop grosses $1.2M+ annually with an additional $45K in rental income. Sale includes a 26,647 SF lot on a prime corner in Shoreline, WA, centrally located near all services.
This offering delivers an 8.8% Cap Rate and has been SBA prequalified for a qualified buyer. A Phase I Environmental Report has been completed, and the property offers future development potential in a highly desirable location.
Services range from classic cars to daily drivers, and one partner is willing to remain as an employee to ensure a smooth transition.
An excellent opportunity for an owner-operator or investor seeking both a profitable business and a property with long-term upside.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,365 SF
Building Class
C
Year Built
1955
Price
$6,400,000
Price Per SF
$2,706.13
Percent Leased
100%
Building Height
1 Story
Building FAR
0.09
Lot Size
0.61 AC
Zoning
MB
Parking
34 Spaces (14.38 Spaces per 1,000 SF Leased)
Frontage
298’ on Aurora Avenue North
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 688590-0010 | Improvements Assessment | $1,000 |
| Land Assessment | $1,865,200 | Total Assessment | $1,866,200 |
Property Taxes
Parcel Number
688590-0010
Land Assessment
$1,865,200
Improvements Assessment
$1,000
Total Assessment
$1,866,200
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15544 Aurora Ave N
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