automotive sales and service location

Panama City, FL (Bay County)

Seller Financing Available
building

Asking Price:$800,000

Gross Revenue:N/A

Price/Sq. Ft.:$18.66

NOI:N/A

Building SF:2,994

FF&E:$86,000

Year Built:1979

automotive sales and service location

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Property Description

The building is a recently painted and cleaned up facility with bays for auto repair, tire repair and a lot for sales, and room to add a detail and/or car wash. The center of the building is set up as office space with a good view of incoming traffic. The remodel and cleanup was done in 2014.
There is some limited fiancial data from the business side, but it is not being run like a full time auto sales and service center.
Owner has other interest, willing to consider reasonable offers below the listing price.

Detailed Information

Type:
Other Business Real Estate
Building SF:
2,994
Building Status:
Established
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
the property (land and Bullding) is currently set up for used car sales, auto repair, and tire sales. everything you need to set up and operate is ready, owner is doing some occasional tire and repair, and has sold used cars from the lot - just not on a regular basis. This is an opportunity for a buyer to develop a business like they want to have it from a start up with the basics in place and some revenue already coming in. the building is located on just under 1 acre of land with bays for repair work, tire mounting and storage, and office space for sales staff.
Financing:
seller wll consider financing part of sale
Location Description:
The building is a cinderblock located on major highway with heavy traffic. trhe building is centered on the property, office space is 700 sf, 5 work bays total about 1500 sf, and balance of buiklding is storage space of 800 sf. The property has 42,863 sf (about 1 acre)
Current and Prior Use:
When the owner is in town he has put cars on the lot and the sales have been good, up to 30 in a month, also doing some limited tire and auto repair at present..

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Lewis Floyd

Property Listed By:
Lewis Floyd

Destin Business Brokers

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Sponsoring Broker:
Theodore M. Perkins, Jr.

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