8 Marshall StMethuen, MA 01844

Property Details for 8 Marshall St

Year built

1950

Construction

FRAME

Lot size

0.24 AC

Property size (Sq ft)

4,087 SF

Zone code

RA

Property type

Auto shops

APN

METH M:00810 B:00077A L:00040B

APU

METHM00810B00077AL00040B

Description

This exceptional turnkey business opportunity presents a rare chance to acquire a well-established and fully equipped auto repair shop, complete with the real estate and a second parking lot. Operating successfully for 18 years, this thriving business boasts a loyal customer base and significant profitability. The substantial 4,000+ square foot building is impeccably maintained and features three garages, six bays, three lifts, a spacious reception area, a convenient break room, ample parts storage, and a second-floor office space. The property also includes a large fenced-in yard, providing additional space and security. Parking is abundant, accommodating 30+ vehicles, with an additional lot capable of holding 15+ vehicles. The property's solar panels offer significant energy savings. Previously licensed as a 12-car Class II Used Car Dealer, the potential for reinstating this license exists. Its prime location off Route 213 offers exceptional accessibility to Routes 93, 28, and 495, placing it within easy reach of a wide customer base. Situated amidst a blend of residential and commercial properties, this location provides both community feel and high visibility. This is a truly exceptional opportunity to own a profitable, established business with significant growth potential. The asking price is $1,350,000, and the property sits on a 0.24-acre lot.

• CAP approach

  CAP return

  Valuation

  6%

  $993,284

  6.5%

  $916,877

  7%

  $851,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,345,699

  Geo Method

  $1,345,699

• Alternative Use

  Use

  Valuation

  Residential

  $773,420

  Hospitality

  $708,449

  Educational

  $589,421

  Medical

  $609,692

  Retail

  $916,877

Location Insight

City

Methuen

County

Essex

State

Massachusetts

Latitude

42.7459

Longitude

-71.1708

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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