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Auto Repair - Buy property & Business 980 Washington St 3,000 SF Retail Building Franklin Square, NY 11010 $2,700,000 ($900/SF) 18.52% Cap Rate

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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.

ATTACHMENTS

980 WASHINGTON STREET--Data

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
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
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

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 3,000 SF
  • Retail
  • -
  • Now

Turnkey automotive facility available For Lease, with Lease to Own options, and sale considered. The building size is 2,550 square feet on a 10,160 square foot lot with 30+ car parking and strong corner visibility. Lease rate is 9,999 dollars per month NNN, which equals 47 dollars per square foot per year. This corner property has operated as auto repair since 1955 and the current operator has been in place for more than 17 years. The facility is equipped to handle ALL types of Repairs on ALL years, makes, & models! This shop is fully renovated, bright, and purpose built for high throughput. AI assisted scheduling on touch screen, estimates, and follow ups support a high average repair order and strong margins. Staff and systems can remain in place. Premium brand assets are available, including EverythingAuto.com valued over 15,000 dollars and EverythingAutoNY.com. Included assets if a sale is chosen are equipment and improvements valued at over 800,000 dollars. Approximately 2,550 square feet plus about 450 square feet of 2nd floor mezzanine office. Six lifts with flexible configurations. Extra open area too. Lot size about 10,160 square feet with 30 plus parking spaces. Upgraded power and lighting with solar in place. Updated NY state inspection equipment . Multiple EV chargers present on site with current listings to be verified by the tenant or buyer. Lease only of the entire shop at 9,999 dollars per month NNN with business purchase. Lease to Own Option A with 400,000 dollars down plus 9,999 dollars per month NNN and a balloon purchase at 2.30 million dollars within two years. Lease to Own Option B with 200,000 dollars down plus 12,000 dollars per month NNN and a balloon purchase at 2.50 million dollars within two years. Potential use cases subject to zoning and permits. Full service auto repair and New York State inspections. Diagnostics, programming, and ADAS calibration bay. Tires and alignments with retail display. Detailing, paintless dent repair, wraps, tint, paint protection film, and ceramic coating. Used car retail with reconditioning and photo bay. Fleet maintenance for delivery, trades, and service companies. Dealer overflow storage and prep. Charging services and mid destination amenities. Lot could possibly be rezoned & I'm sure the town would be delighted to do, retail, any other commercial, or even residential. Market snapshot. Franklin Square is an affluent trade area with a median household income over 140,000 dollars. The site is minutes to Hempstead Turnpike NY 24 / New Hyde Park Rd. (Popular route to Garden city) and sits within a strong neighborhood services hub with high traffic and longstanding automotive demand.

Space Size Space Use Position Available
1st Floor 3,000 SF Retail - Now

1st Floor

Size
3,000 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 3,000 SF
Space Use Retail
Position -
Available Now

Turnkey automotive facility available For Lease, with Lease to Own options, and sale considered. The building size is 2,550 square feet on a 10,160 square foot lot with 30+ car parking and strong corner visibility. Lease rate is 9,999 dollars per month NNN, which equals 47 dollars per square foot per year. This corner property has operated as auto repair since 1955 and the current operator has been in place for more than 17 years. The facility is equipped to handle ALL types of Repairs on ALL years, makes, & models! This shop is fully renovated, bright, and purpose built for high throughput. AI assisted scheduling on touch screen, estimates, and follow ups support a high average repair order and strong margins. Staff and systems can remain in place. Premium brand assets are available, including EverythingAuto.com valued over 15,000 dollars and EverythingAutoNY.com. Included assets if a sale is chosen are equipment and improvements valued at over 800,000 dollars. Approximately 2,550 square feet plus about 450 square feet of 2nd floor mezzanine office. Six lifts with flexible configurations. Extra open area too. Lot size about 10,160 square feet with 30 plus parking spaces. Upgraded power and lighting with solar in place. Updated NY state inspection equipment . Multiple EV chargers present on site with current listings to be verified by the tenant or buyer. Lease only of the entire shop at 9,999 dollars per month NNN with business purchase. Lease to Own Option A with 400,000 dollars down plus 9,999 dollars per month NNN and a balloon purchase at 2.30 million dollars within two years. Lease to Own Option B with 200,000 dollars down plus 12,000 dollars per month NNN and a balloon purchase at 2.50 million dollars within two years. Potential use cases subject to zoning and permits. Full service auto repair and New York State inspections. Diagnostics, programming, and ADAS calibration bay. Tires and alignments with retail display. Detailing, paintless dent repair, wraps, tint, paint protection film, and ceramic coating. Used car retail with reconditioning and photo bay. Fleet maintenance for delivery, trades, and service companies. Dealer overflow storage and prep. Charging services and mid destination amenities. Lot could possibly be rezoned & I'm sure the town would be delighted to do, retail, any other commercial, or even residential. Market snapshot. Franklin Square is an affluent trade area with a median household income over 140,000 dollars. The site is minutes to Hempstead Turnpike NY 24 / New Hyde Park Rd. (Popular route to Garden city) and sits within a strong neighborhood services hub with high traffic and longstanding automotive demand.

Walk Score®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Chase Bank
Webster Bank
Ridgewood Savings Bank
Citi
Cko Kickboxing
Tim Hortons
Key Food
Capital One
TD Bank
Philly Pretzel Factory

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2089-33-604-00-0010-0
Land Assessment
$2,489 (2025)
Improvements Assessment
$1,125 (2025)
Total Assessment
$3,614 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
  • Listing ID: 31764059

  • Date on Market: 5/10/2024

  • Last Updated:

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

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