For Sale
$1,650,000

200 Daniel Moore Ave Portland, TX 78374

Profitable, established auto shop in Portland, TX

Overview

Added:
Dec 11, 2024
Days on market:
134
This established auto repair business in Portland, Texas (Corpus Christi metro area) presents a compelling owner-user investment opportunity. The 4,500 square foot, two-story building sits on a 0.613-acre lot zoned C-G "General Commercial," offering flexibility for future expansion or repurposing. Built in 2002, the property boasts eight bays with seven lifts, an alignment machine, and ample parking. The current operation includes a reception area, office space, and storage. The business enjoys a prime location near major intersections, surrounded by dense commercial and residential areas, ensuring high visibility and consistent traffic. With a 100% occupancy rate and a strong history of profitability, the business generated a Pro-Forma NOI of $225,000 in 2022, and a projected NOI of $250,000 for 2025. The current owner is retiring, presenting a unique chance to acquire a turnkey operation with significant upside potential. Opportunities for growth include expanding operating hours, increasing the currently below-market labor rate, implementing marketing strategies, and exploring potential expansions such as adding car wash or detailing services. The asking price is $1,650,000, with seller financing considered. The property's strong location, established customer base, and potential for growth make it an attractive investment. The business has shown consistent revenue growth, with a 31% increase in revenue year-to-date in 2023 compared to 2022. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a desirable location.

Highlights

  • Seller financing available to qualified buyers.
  • Established, profitable auto repair business with increasing year-over-year revenue.
  • Original owner, loyal customer base, and long-term repeat customers.
  • Solid metal building (2002 construction) with eight bays and high clear height.
  • Twenty-year history of revenue growth; potential for further revenue increases through improved management, marketing, and expansion.
  • Excellent commercial location, 1⁄2 block from US Highway 181 and Wildcat Drive, high traffic count, and great visibility.

Property Details for 200 Daniel Moore Ave

Property type
Retail properties, Auto shops
Square Feet
4,500 SF
Year Built
2002
Buildings
1
Stories
2
Lot Size (sq. ft)
26,702 SF

Location Insight

City
Portland
County
San Patricio
State
Texas
Latitude
27.882046001783
Longitude
-97.319948120286

FAQs

What type of property is this?
Retail property - Profitable, established auto shop in Portland, TX
Where is the retail property located?
The property is located at 200 Daniel Moore Ave Portland, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Seller financing available to qualified buyers.; Established, profitable auto repair business with increasing year-over-year revenue.; Original owner, loyal customer base, and long-term repeat customers.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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200 Daniel Moore Ave
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