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980 Washington St
Franklin Square, NY 11010
Auto Repair - Buy property & Business · Retail Property For Sale

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Executive Summary

Seize this exceptional opportunity to own a well-established automotive enterprise along with its property at 980 Washington St, Franklin Square, NY 11010. This turnkey operation encompasses a 2,550 sq ft fully upgraded facility situated on a generous 10,160 sq ft lot, offering ample space and modern amenities to support a thriving business. Business sale is suggested with 700k down payment & then 14k monthly NNN for the entire shop, with option to buy at $2.3M balloon payment OR 1mil down for the business with 12k monthly NNN with 2.1m payment due within 5years.
Modernized Facility: The building has undergone comprehensive upgrades, ensuring a contemporary and efficient workspace.
Spacious Layout: Features a 450 sq ft mezzanine office, providing a comfortable and functional administrative area.
Ample Parking: Accommodates up to 30 vehicles, facilitating customer convenience and business operations.
Sustainable Energy: Equipped with upgraded solar panels, promoting eco-friendly operations and potential energy cost savings.
Strong Financials: The business reports a Net Operating Income (NOI) of $516,815, reflecting its profitability and stability.
Proof of Funds is required to access comprehensive financial information.
Diverse Revenue Streams: The business operates as a profitable auto repair facility, used car dealership, transport service, and EV charger provider.
Dealer License: Comes with a valuable dealer license, enhancing the scope of operations.
EV Charging Station: Listed on the Tesla charger map, attracting electric vehicle owners and expanding customer base.
Inspection Services: Includes an updated inspection license machine, adding to the range of services offered.
This offering presents an excellent prospect for both owner-operators and investors seeking a profitable, turnkey automotive business with a solid foundation and multiple income streams. The combination of a prime location, upgraded facilities, diverse services, and a strong brand makes this a compelling investment in the automotive industry.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1970/2022
Price
$2,700,000
Price Per SF
$900
Cap Rate
18.52%
NOI
$500,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.23 AC
Zoning
x - Zone X. Can be used for multiple business uses as well as multi-family
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
13’ on Washington St

Amenities

  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
2089-33-604-00-0010-0
Land Assessment
$2,489
Improvements Assessment
$1,125
Total Assessment
$3,614
  • Listing ID: 31764059

  • Date on Market: 5/10/2024

  • Last Updated:

  • Address: 980 Washington St, Franklin Square, NY 11010

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