2648 Cherry AVE new Save Request In-Person Tour Request Virtual Tour
Signal Hill,CA 90755
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25071305
HOA Y/N No
Lot Size 0.253 Acres
Lot Dimensions Public Records
Property Sub-Type Industrial
Property Description
Motivated retiring sellers after 27 years in business (building has been an established mechanic shop for over 50 years) are selling their business and real estate together. This exceptional business and free standing property is a generational opportunity. Located on a crowded cross section in the heart of Signal Hill (Cherry Ave & Willow), this 4,806 sq. ft. building with 10 parking spaces on an 11,003 sq. ft. lot attracts over 5,000 customers per year and is a gold mine for a savvy operator.
Signal Hill Automotive is an established auto service shop which does auto repair, oil change, alignment, tire changes and auto electrical repairs. The major asset of this business is its large number of fleet accounts, such as Enterprise Rent-A-Car, Hertz, local oil companies, traffic management department, water treatment facility, etc. which generate 40% of business revenue and create a dependable user base. The bulk of their revenue, however, comes from serving the community through years of satisfied and loyal customers. Some of their customers are the 3rd generation in their families to come to this place. The right owner can increase this volume 300-400% with an aggressive advertising campaign.
Property consists of an office with 6 automotive lifts: 2 underground, 3 above, and one alignment jack. There are 7 bays on the property. The property is zoned SHM1 industrial manufacturing (light mfg which can be used for many different purposes). Seller will cooperate with Buyer for a smooth transition to new ownership of Auto Shop Business upon request.
Location
State CA
County Los Angeles
Area 8 - Signal Hill
Zoning SHM1*
Interior
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected,Phone Connected,Sewer Connected,Water Connected
Roof Type Flat
Present Use Commercial
Total Parking Spaces 10
Building
Lot Description Paved,Value In Land
Story 1
Water Public
Others
Tax ID 7212014076
Acceptable Financing Cash,Cash to New Loan,Government Loan
Listing Terms Cash,Cash to New Loan,Government Loan
Special Listing Condition Standard