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4435 State Bridge Way 1,757 SF Retail Building Alpharetta, GA 30005 $2,550,000 ($1,451.34/SF) 12% Cap Rate



EXECUTIVE SUMMARY
Amazing opportunity for a turn-key auto repair business! Start your new business or expand your current one. Well-established and successful automotive repair business specializing in European cars like BMW, Audi, Mercedes, Porsche, etc., with a deep client base of over 1800 past and current clients, excellent reviews, and reputation for white-glove service and quick turnaround. Modern and up-to-date facility with high visibility at the intersection of Kimble Bridge Road and Old Milton Parkway with a traffic count of more than 50,000 vehicles-per-day and 2 monument signs. 4-sided brick building with 21 parking spaces features clean and bright reception and waiting area, management office, and customer restroom. 3 well-lit drive-through bays, each with lift and pit, including custom-made pit covers, make this ideal for a continued automotive repair business or adapt for an oil change business. Each pit has fluid drain trays that connect to two 500-gallon drain tanks. Full basement for parts storage and under-car maintenance. Small storage room and employee restroom too. One of only 4 Liqui-Moly Pro Line Center shops in Georgia! Excellent long-term potential for stability and growth with a median household income in 30005 of $171,000 and a population of over 218,000 within a 5-mile radius. Current cap rate is with less than 2 technicians, on average. There is space and demand for a 3rd technician, so increased revenue is possible. You won’t find another high-caliber turnkey operation like this anywhere. Call today for more details!
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,757 SF
Building Class
B
Year Built
1995
Price
$2,550,000
Price Per SF
$1,451.34
Cap Rate
12%
NOI
$306,000
Business Value
$2,550,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.59 AC
Zoning
C1 - C1 in City of Alpharetta
Parking
8 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
248’ on State Bridge Way
AMENITIES
- Bus Line
- Signage
- Air Conditioning
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 11-0360-0129-051-0 | Improvements Assessment | $60,120 |
| Land Assessment | $228,880 | Total Assessment | $289,000 |
PROPERTY TAXES
Parcel Number
11-0360-0129-051-0
Land Assessment
$228,880
Improvements Assessment
$60,120
Total Assessment
$289,000
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4435 State Bridge Way
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