For Sale
$849,990

9707 Key Peninsula HwyGig Harbor, WA 98329

Profitable auto repair shop, 3,488 sq ft, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
118
Exceptional opportunity to acquire a well-established auto repair shop located at 9707 Key Peninsula Hwy NW, Gig Harbor, WA 98329. This single-story, 3,488 square foot building sits on a substantial 2.47-acre lot (107,593 sq ft), boasting 250 feet of road frontage. Built in 2002, the property features six bays, a fenced area accommodating up to 50 vehicles, dual drive-through entries, and a wired security system. The current asking price for the real estate is $849,990, representing a compelling 7.06% capitalization rate based on a net operating income (NOI) of $60,000. The property's current lease, offered at $5,000 per month triple net, further enhances its investment potential. Showings are by appointment only, after 3 PM, and cannot be conducted during business hours. The sale is contingent upon the separate sale of the business currently operating on the premises. SBA loan options may be available. This is a rare opportunity to own a thriving, established business and property in a prime location. The property's parcel number is 0022364007.

Highlights

  • $849,990 asking price for this 3,488 square foot retail auto shop building.
  • Located at 9707 Key Peninsula Hwy NW, Gig Harbor, WA 98329, on a 2.47-acre lot (107,593 sq ft).
  • Features six bays, dual drive-through entries, fenced area for 50 cars, and wired security.
  • Offers a 7.06% cap rate with a $60,000 NOI.
  • Built in 2002, this single-story building sits on a large lot with significant road frontage.

Property Details for 9707 Key Peninsula Hwy

Property type
Retail properties, Auto shops
Square Feet
3,488 SF
Year Built
2002
Buildings
1
Stories
1

Location Insight

City
Gig Harbor
County
Pierce
State
Washington
Latitude
47.3697462
Longitude
-122.7217302
9707 Key Peninsula Hwy, Gig Harbor, Washington

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9707 Key Peninsula Hwy
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