Business for Sale Overview:
The highest and best use for this property is Auto Dealership because the property comes with Two very valuable auto dealership licenses, which are hard to find and at present time the township does not approve this type of license any more. For an investor it is a 7.25% capital rate. But auto dealership operator can make a lot more money. This commercial mixed use property is located on a very busy state highway with traffic count of approximately 30,000 cars per day. The property consists of one building with an office in the front and a 3 bedroom home in the back with separate entrance and separate utilities which generates approximately $39,200 per year. The second building with an office and three bays repair shop with separate utilities generates $36,000 per year. Each building has been rented to auto dealership operator. The leases are month to month, so if buyer wants to have his own dealership, he can operate with three months notice. If the buyer is not an operator the current users are willing to sign longer term lease. The best part of this deal is that the owner is willing to finance with only 20-25% down payment, 20 years amortization with 5 years balloon at 7% interest.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
other interests
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.