214 Glasco TpkeSaugerties, NY 12477

Property Details for 214 Glasco Tpke

Year built

1970

Lot size

0.69 AC

Property size (Sq ft)

6,984 SF

Zone code

02 - SINGLE RESIDENCE

Property type

Auto shops

APN

514889 29.9-3-28.210

APU

514889299328210

Description

This thriving auto repair, service, and body shop presents a unique investment opportunity. Established for 26 years, this business boasts a stellar reputation built on superior service and fair pricing, resulting in thousands of loyal customers. The substantial 6,800 square foot building is situated on a nearly one-acre lot, providing ample space for operations and parking. The well-equipped facility includes six heavy-duty lifts, five overhead doors, and seven service bays, ensuring efficient workflow and maximum capacity. Its convenient location offers easy access for customers from surrounding communities. The property's long-standing success and established clientele base make it an attractive proposition for a buyer seeking a profitable, turn-key operation in a desirable location. The substantial building size and ample parking further enhance its appeal. This is a rare opportunity to acquire a well-established and profitable business with significant potential for continued growth. The sale includes the building and the established business.

• CAP approach

  CAP return

  Valuation

  6%

  $2,550,353

  6.5%

  $2,354,172

  7%

  $2,186,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,315,031

  Geo Method

  $2,299,574

• Alternative Use

  Use

  Valuation

  Residential

  $1,985,832

  Hospitality

  $1,819,011

  Educational

  $1,513,396

  Medical

  $1,565,444

  Retail

  $2,354,172

Location Insight

City

Saugerties

County

Ulster

State

New York

Latitude

42.0435

Longitude

-73.9546

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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