For Sale
$1,100,000

3210 65Th St Cleveland, OH 44127

Turnkey Auto Recycling Business - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
134
This established auto recycling business in Cleveland, Ohio, presents a fantastic owner-user investment opportunity. The property encompasses two buildings totaling 9,702 square feet situated on a 5.3-acre commercial corner lot with excellent frontage on E 65th Street and Bessemer Avenue. Included in the sale are over $200,000 worth of inventory, consisting of cars, parts, a tow motor, and a work truck. The business boasts a strong track record, selling parts nationwide, generating a Net Operating Income (NOI) of $192,552 and a 17.50% cap rate. The asking price is $1,100,000. The property's APN is 125-07-007. An additional small building and fenced parking lot are located on a separate parcel across Bessemer Avenue. The current owner is retiring and will provide training to the new owner. Proof of funds is required to view the property and financial information. This is a profitable, turnkey operation ready for a new owner-operator. The property is classified as industrial, with subtypes including distribution, flex, and warehouse space.

Highlights

  • $1,100,000 asking price for this owner-user industrial property.
  • 9,702 square foot building on a 5.3-acre lot in Cleveland, Ohio.
  • Established auto recycling business included, with inventory valued over $200,000.
  • 17.50% cap rate with a net operating income (NOI) of $192,552.
  • Property features two buildings and a fenced parking lot, located on a commercial corner lot.

Property Details for 3210 65Th St

Property type
Warehouses, Industrial properties
Square Feet
9,702 SF
Lot Size (sq. ft)
230,868 SF

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.470984
Longitude
-81.646368

FAQs

What type of property is this?
Warehouse - Turnkey Auto Recycling Business - High ROI
Where is the warehouse located?
The property is located at 3210 65Th St Cleveland, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: $1,100,000 asking price for this owner-user industrial property.; 9,702 square foot building on a 5.3-acre lot in Cleveland, Ohio.; Established auto recycling business included, with inventory valued over $200,000.
How can I contact the broker?
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3210 65Th St
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