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Listed by Real Estate 2000 Inc.
$ 849,990
Est. payment /mo
Active
9707 Key Peninsula HWY NW Gig Harbor, WA 98329
108 Sqft Lot
UPDATED:
11/14/2024 04:23 AM
Key Details
Property Type Commercial
Sub Type Business Opportunity
Listing Status Active
Purchase Type For Sale
Subdivision Key Center
MLS Listing ID 2217930
Lot Size 108 Sqft
Property Description
Rare Opportunity To Own An Auto Repair Business Leased In A 6 Bay Auto Center That Has Been Thriving For Over 17 Years! Lease To Be Negotiated With Seller Currently Offered At $5,000 Per Month, Triple Net. 2.47-Acres. Fully Stocked Auto Repair Building. Business Includes A Vast Inventory Of Tools (See Attached List). Gross: $1,376,161. Net: $284,484. A 33.5% Cap Rate! Potential to Net Over $600K Yearly If Operated By A Family Of Mechanics Based On 2023 Numbers! Expand Business Hours To Increase Profit! Real Estate Is Also For Sale For $849,990 (Listing #2219284) 7% CAP. Fenced Area For 50 Cars, Dual Drive-Through Entries, Wired Security, And More! Purchase Both Real Estate & Business Together For $1,699,980, (20.3% CAP!!).
Location
State WA
County Pierce
Area 9 - Key Peninsula North
Interior
Fireplace false
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.