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200 Daniel Moore St
Portland, TX 78374 North Bay

$1,550,000 USD

Auto Repair For Sale  •  4,500 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 4,500 SF
  • Lot Size 0.61 AC
  • Building Class B
  • Year Built 2003
  • Cap Rate 13.00 %
  • Tenancy Single
  • Zoning C-G "GENERAL COMMERCIAL"
0 Transit Score
50 Walk Score

Description

PROFITABLE ESTABLISHED AUTO REPAIR BUSINESS SINCE 2003 LOCATED IN PORTLAND-CORPUS CHRISTI TX METRO.  INCLUDES REAL ESTATE.  GOOD LOCATION FROM MAJOR INTERSECTION OF US 181 & WILDCAT DRIVE.  GOOD ACCESS.  DENSE COMMERCIAL DEVELOPMENT AREA INCLUDING BIG BOX RETAIL WALMART & STRIP CENTERS, HEB GROCERY, RESTAURANTS, HOTELS, GAS CV STORES, OFFICE.  RESIDENTIAL USES ON BOTH SIDES OF US 181 & WILDCAT.  HEAVY VEHICULAR TRAFFIC.  BUSINESS ESTABLISHED IN 2003, BUILDING CONSTRUCTED 2003.  METAL WAREHOUSE BUILDING WITH STEEL BEAMS ON CONCRETE SLAB.  2 STORY CLEAR HEIGHT.  4,500 S.F. WITH 8 BAYS, 7 LIFTS AND TYPICAL REPAIR EQUIPMENT. STORAGE AREA, MANAGER'S OFFICE, RESTROOM.   UNDER-MANAGED BY RETIRING OWNER AND UNDER-STAFFED.  LOYAL REPEAT CUSTOMERS.  REVENUE INCREASE POTENTIAL WITH HIRING ADDITIONAL QUALIFIED MECHANICS TO DO HIGH TICKET REPAIRS . LABOR RATE WAS INCREASED THIS YEAR FROM $110/HR TO $140/HR. RESULTING IN RISING REVENUE THIS YEAR TO DATE FROM 2024.  BUSINESS NEEDS ADVERTISING, SALES AND MARKETING.  NOT OPEN ON SATURDAY.  PROPERTY SUITABLE FOR CONVERSION TO OTHER COMMERCIAL USES.  GOOD SITE FOR VERY GOOD REDEVEOPMENT POTENTIAL.

Highlights

PROFITABLE & ESTABLISHED BUSINESS SINCE 2003 OFFERING TYPICAL REPAIR SERVICES. .
REAL ESTATE INCLUDED. ALL FURNITURE, FIXTURES, AND EQUIPMENT CONVEY. TURN KEY.
GOOD REPUTATION IN THE COMMUNITY. REPEAT CUSTOMERS OVER MANY YEARS.
GOOD LOCATION & ACCESS TO MAJOR ROADWAYS OF US 181 & WILDCAT WITH HEAVEY TRAFFIC, LOCATION AREA IS DENSE COMMERCIAL & RESIDENTIAL DEVELOPMENT
UNDER-MANAGED AND UNDER-STAFFED BY RETIRING OWNER. REVENUE UP FROM 2024. FURTHER IMPROVEMENT POTENTIAL HIRING MORE MECHANICS. MOTIVATED SELLER.
OWNER FINANCING POSSIBLE TO QUALIFIED BUYER, AS WELL AS SBA & BANK FINANCING TO QUALIFIED BUYER.

Property Flyers

Cap Rate: 13.00 %

Public Transportation

AirportDriveWalkDistance
Corpus Christi International 23 min - 16.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Jay Weir 512-423-4421 Hotel Brokers of Austin
Jay Weir 512-423-4421 Hotel Brokers of Austin