407 Peters AveTroy, OH 45373

Property Details for 407 Peters Ave

Year built

1974

Lot size

0.46 AC

Property size (Sq ft)

4,296 SF

Property type

Retail properties

Property subtype

Parking lots & garages

APN

D08-094240

APU

D08094240

Description

This exceptional turnkey business opportunity in Troy, Ohio presents a chance to acquire a well-established automotive repair facility. Located at 407 Peters Avenue, this 4,296 square foot building sits on a 0.46-acre lot and has been successfully operating since 1990. The property includes a designated auto repair area with multiple service bays, perfectly suited for efficient workflow. A separate, dedicated space houses a paint booth and body shop, allowing for comprehensive vehicle repair services. The office area has undergone recent renovations, providing a modern and functional workspace for administrative tasks and customer interaction. The sale includes not only the real estate but also existing equipment and a valuable established customer base, offering immediate revenue potential. This is a rare opportunity to own a profitable, long-standing business with a proven track record. The building itself was constructed in 1974, ensuring a solid foundation for continued success. The combination of established clientele, comprehensive facilities, and prime location makes this an attractive investment for an entrepreneur seeking a ready-to-run automotive business. Priced at $525,000, this property offers a unique blend of real estate and business acquisition, presenting a significant return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,211,775

  6.5%

  $1,118,562

  7%

  $1,038,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $213,162

  Geo Method

  $213,162

• Alternative Use

  Use

  Valuation

  Residential

  $943,549

  Hospitality

  $864,286

  Educational

  $719,075

  Medical

  $743,806

  Retail

  $1,118,562

Location Insight

City

Troy

County

Miami

State

Ohio

Latitude

40.0304

Longitude

-84.2136

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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