7 Colonel DrBourne, MA 02532

Property Details for 7 Colonel Dr

Year built

1989

Construction

STEEL FRAME

Lot size

0.97 AC

Property size (Sq ft)

5,480 SF

Property type

Auto shops

APN

BOUR M:27.0 P:86 E:3

APU

BOURM270P86E3

Description

This exceptional opportunity presents the chance to acquire an established and successful specialty auto-repair business in Bourne, Massachusetts. Located at 7 Colonel Drive, this 5,480 square foot facility sits on a sizable 42,253 square foot lot, offering ample space for operations and future expansion. Built in 1989, the building boasts modern amenities including an environmentally friendly oil reclamation system and comprehensive building air filtration and exhaust. The shop features multiple bays, each equipped with lifts, ensuring efficient workflow. Additional equipment includes a tire alignment system, two tire balancers, and an engine lift. Workbenches are equipped with task lighting. The unique design allows each bay to function as a standalone unit with its own power, water, and septic capacity, presenting potential for conversion into workspace condos for lease or sale. The property also includes a comfortable sitting area, reception space, a private office, substantial storage, and a retail area adaptable to a delivery bay. The current owners, with a 30-year history of success, are offering consulting services for up to three months post-sale. The asking price is $2,100,000, with terms negotiable. The property's convenient location near the Bourne Bridge and Woods Hole provides easy highway access, ensuring high visibility and accessibility for customers. This turnkey operation offers immediate income potential and significant long-term growth opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,449,123

  6.5%

  $1,337,652

  7%

  $1,242,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,804,362

  Geo Method

  $1,804,362

• Alternative Use

  Use

  Valuation

  Residential

  $1,128,360

  Hospitality

  $1,033,571

  Educational

  $859,919

  Medical

  $889,493

  Retail

  $1,337,652

Location Insight

City

Bourne

County

Barnstable

State

Massachusetts

Latitude

41.7321

Longitude

-70.587

CBSA code

12700

CBSA name

BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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