19 Adams StMansfield, OH 44902

Property Details for 19 Adams St

Year built

1941

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

7,644 SF

Property type

Auto shops

APN

027-06-083-08-000

APU

270608308000

Description

This exceptional opportunity presents the chance to acquire a well-established and profitable auto body repair shop in Mansfield, Ohio. Operating successfully since 1937, this business boasts a remarkable history and a strong reputation for quality workmanship. The sale includes the building situated on a 0.09-acre lot at 19 S Adams Street. Financially sound, the business consistently generates nearly $500,000 in annual gross revenue, thanks to a reliable stream of recurring contracts. This ensures a stable and predictable income stream for the new owner. The property itself is ideally suited for auto body repair, offering ample space and facilities. The sale includes all necessary tools and equipment, making this a true turnkey operation. Experienced staff are in place, facilitating a smooth transition for the buyer. Beyond its current success, this business offers significant potential for growth and increased profitability. This is a rare chance to own a thriving business with a long-standing legacy, strong financial performance, and a prime location. The asking price for the business and property is $500,000. Don't miss this exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,121,464

  6.5%

  $1,958,274

  7%

  $1,818,397

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,801,850

  Geo Method

  $1,801,850

• Alternative Use

  Use

  Valuation

  Residential

  $1,651,877

  Hospitality

  $1,513,111

  Educational

  $1,258,890

  Medical

  $1,302,186

  Retail

  $1,958,274

Location Insight

City

Mansfield

County

Richland

State

Ohio

Latitude

40.7579

Longitude

-82.5115

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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