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Listed by Sandy L. Stuber, GRI • RE/MAX Concepts - Cedar Falls
$550,000
Est. payment /mo
0.57 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251700
Year Built 1953
Annual Tax Amount $9,950
Tax Year 2024
Lot Size 0.570 Acres
Acres 0.57
Property Sub-Type Industrial
Property Description
Established Auto Repair Shop for Sale here in the Cedar Valley!!! – Turnkey Opportunity NOTE: THERE ARE 2 PARCELS Here's your chance to own a well-established and reputable mechanic business with a loyal customer base and strong community presence located on newly designed University Ave in Cedar Falls Iowa. Price applies only to the building and land only. Shop tools, etc sold separately. Business Overview: This fully operational auto repair shop has been serving the local community since 1952. Known for its top-notch service, skilled technicians, and honest work, the shop has built a stellar reputation and consistently enjoys repeat business and word-of-mouth referrals. Known as L and M Transmission for decades, this place has so much more to offer. Key Features: Fully equipped facility with [5] service bays, lifts, and places for all diagnostic tools. Experienced and certified staff in place. Strong monthly revenue with solid profit margins. Steady client base with both individual and fleet accounts. Convenient location with high visibility and easy access. Building has newer fixtures and equipment: Furnace, Air compressor, lifts, and pressure washers in every bay. Install your computer program systems for invoicing, scheduling, and inventory management control. Services Offered: General auto repairs and maintenance. Brake, suspension, transmissions, electrical, driveability, and exhaust systems. Engine diagnostics and repairs. Oil changes, tire services including new tires, and more. Overhead storage loft area with shelving. Why Buy This Business? Whether you're an experienced mechanic looking to become your own boss or an investor seeking a profitable, hands-off opportunity, this business is ready to go from day one. With all equipment, inventory, and staff included, you can hit the ground running. Growth Potential: There's room for expansion by extending hours, adding towing services, or increasing marketing efforts to tap into untapped markets. Such as selling used cars on sight using the generous spaces of the paved lot out front and both sides of the building to showcase the vehicles. Or use the building as a training center. There are endless possibilities, so schedule your private showing today.
Location
State IA
County Black Hawk
Zoning c2
Interior
Heating Forced Air, Natural Gas
Flooring Concrete
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available, Sewer Available, Phone Available, Fiber Optics
View Y/N true
Roof Type Metal
Building
Lot Description Near Recreation, Public Transportation
Sewer Public Sewer
Structure Type Brick,Block
Others
Ownership Joint Tenant
Acceptable Financing NBR20251700
Listing Terms NBR20251700
Special Listing Condition Normal Sale
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