651 Sullivan AveSouth Windsor, CT 06074

Property Details for 651 Sullivan Ave

Year built

1971

Construction

STEEL FRAME

Lot size

2.90 AC

Property size (Sq ft)

12,808 SF

Zone code

GC

Property type

Showrooms

APN

SWIN M:111 B:36

APU

SWINM111B36

Description

This exceptional investment opportunity presents a thriving, fully operational auto repair and body shop located at 651 Sullivan Ave, South Windsor, CT 06074. The property boasts a substantial 12,808 square feet of space, including a well-maintained six-bay building with ample indoor parking for fifteen or more vehicles. The large lot provides extensive additional parking for customers. Situated on a busy primary road, this business enjoys high visibility and consistent traffic. The property includes a used car license. The current owner is retiring after two decades of successful operation, leaving behind a business with a proven track record of strong and consistent profitability. Detailed financial records are available for qualified buyers to review, demonstrating the financial strength and stability of this enterprise. The sale includes the real estate and offers a modified lease with a remaining term of 20 years. The property is currently 100% occupied, offering immediate cash flow and a compelling 8.00% cap rate. This turnkey operation presents a rare chance to acquire a well-established business with significant growth potential in a desirable location. The asking price is $2,490,000. This is a remarkable opportunity for an investor seeking a stable and profitable venture with a long-term lease in place.

• CAP approach

  CAP return

  Valuation

  6%

  $3,112,791

  6.5%

  $2,873,346

  7%

  $2,668,107

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,217,203

  Geo Method

  $4,217,203

• Alternative Use

  Use

  Valuation

  Residential

  $2,423,774

  Hospitality

  $2,220,164

  Educational

  $1,847,151

  Medical

  $1,910,677

  Retail

  $2,873,346

Location Insight

City

South Windsor

County

Hartford

State

Connecticut

Latitude

41.8491

Longitude

-72.5762

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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