301 Lexington AveMansfield, OH 44907

Property Details for 301 Lexington Ave

Year built

1965

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

2,120 SF

Property type

Retail properties

Property subtype

Gas stations

APN

027-07-115-03-000

APU

270711503000

Description

This exceptional 300,000 USD business opportunity presents a fully equipped auto workshop located at 301 Lexington Ave, Mansfield, OH. The property is designed to accommodate modern automotive projects and features high ceilings, providing ample vertical space for various tasks. Multiple car lifts are already installed, ensuring efficient vehicle servicing and repair. The workshop is equipped with essential tools and equipment, including air compressors and diagnostic tools, significantly reducing the initial investment required for a new owner. The sale includes all equipment, excluding personal toolboxes. The spacious layout allows for smooth workflow and efficient operations. Ample parking is available on-site, providing convenient access for customers and employees. This turnkey operation is ideal for a skilled mechanic looking to establish or expand their business, an entrepreneur seeking a profitable venture, or an investor looking for a strong return. The property's location in Mansfield, OH offers access to a local market and provides a solid foundation for future growth. This is a rare opportunity to acquire a fully operational and well-equipped auto workshop, ready for immediate use. Serious inquiries are encouraged to explore this promising business venture. The asking price is 300,000 USD.

• CAP approach

  CAP return

  Valuation

  6%

  $588,369

  6.5%

  $543,110

  7%

  $504,317

• Comparable approach

  Method

  Valuation

  Relative Method

  $499,728

  Geo Method

  $499,728

• Alternative Use

  Use

  Valuation

  Residential

  $458,134

  Hospitality

  $419,648

  Educational

  $349,142

  Medical

  $361,150

  Retail

  $543,110

Location Insight

City

Mansfield

County

Richland

State

Ohio

Latitude

40.7457

Longitude

-82.5226

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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