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

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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