206 Hiawatha DrWabasha, MN 55981

Property Details for 206 Hiawatha Dr

Year built

1928

Property size (Sq ft)

2,057 SF

Property type

Auto shops

APN

R27.00673.03

APU

R270067303

Description

This exceptional business opportunity is located at 206 E Hiawatha Dr, Wabasha, Minnesota. The property boasts a substantial 3,200 square feet of space, perfectly suited for a thriving automotive repair business. The building features three spacious vehicle bays, providing ample room for servicing multiple vehicles simultaneously. An included office space offers a dedicated area for administrative tasks and client interaction. The property sits on a 0.16-acre lot, providing convenient access and excellent visibility. Its prime location along the main road in Wabasha ensures high traffic volume and strong curb appeal, attracting potential customers. The existing setup includes all the essential equipment and infrastructure necessary to immediately commence operations, making this a turnkey opportunity for a new owner. This well-established mechanic shop presents a rare chance to acquire a profitable business with significant growth potential in a desirable location. The asking price for this turnkey operation is $349,500. This represents a significant value for a ready-to-go business with established clientele and a strong reputation within the community. Don't miss this chance to own a successful and established business in the heart of Wabasha.

• CAP approach

  CAP return

  Valuation

  6%

  $497,749

  6.5%

  $459,461

  7%

  $426,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $264,573

  Geo Method

  $264,573

• Alternative Use

  Use

  Valuation

  Residential

  $387,572

  Hospitality

  $355,014

  Educational

  $295,368

  Medical

  $305,526

  Retail

  $459,461

Location Insight

City

Wabasha

County

Wabasha

State

Minnesota

Latitude

44.3786

Longitude

-92.033

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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