This exceptional 4,900 square foot industrial property located at 925 Yonkers Avenue in Yonkers, NY, presents a lucrative investment opportunity. Currently operating as a well-established business, this turnkey operation boasts significant monthly income averaging $25,000-$30,000, with expenses ranging from $12,000-$15,000. The asking price of $325,000 includes all functioning equipment, significantly reducing start-up costs. The property features 3,280 square feet of interior space and an additional 1,635 square feet of parking lot. Convenient amenities include a storage room and two bathrooms. The current lease has 7 years and 3 months remaining, with a renewable option. The building is equipped with five fully functional lifts and one alignment lift, all included in the sale. Valuable machinery is also part of the sale, including a tire machine ($16,000 value), balance machine ($8,000 value), welding machine ($1,000 value), inspection machine ($35,000 value), and AC machine ($4,000 value). The current monthly rent is $7,700, with water, heat, and taxes covered by the landlord. Labor costs include one worker at $3,200 per month and a second worker at 30% of labor costs. Additional monthly expenses include internet ($100), Con Edison ($400-$600), and garbage ($120). The property's versatility allows for potential conversion into a car wash or body shop, further enhancing its investment potential. This is a rare opportunity to acquire a profitable, established business with minimal overhead and significant growth potential.
Industrial property - Established Business, High Profit Potential, Immediate Income
Where is the industrial property located?
The property is located at 925 Yonkers Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $325,000.
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Yonkers Ave Yonkers, NY 10704
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