1064 State Route 72n N, Lebanon, PA 17046

Property Description

Fantastic investment opportunity for the investor or mechanic looking to operate their own business. Solid Automotive repair service station located on a busy highway with 2 service bays with 10 foot doors and lifts - the grey lift does not stay with the sale. It is property of the tenant. The blue lift stays. 2 offices. Powder room. Parking lot with space for 15 plus cars. Propane Furnace - Tanks must be leased or purchased at new owner's discretion. No tanks currently on the property. Central Air but not sure if functioning, wall unit AC in office, Electric water heater. The PA State Inspection Machine does not stay. It is property of the State and non transferrable. The tenant pays for all trash removal, heat, electric, water & sewer. The tenant pays $3500 a month since 08/2024 and is now on a month to month basis and operating as DJLow Auto Repair, LLC. The tenant would like to stay making it an excellent investment opportunity. Total income: 42,000. Total expenses: 7859. Expenses breakdown: Taxes, 2859. Insurance estimated, 5,000. Cap Rate: 15%. Note: Public Records lists the building construction date as 2019. This is incorrect. We are unsure as to the year the building was constructed but obviously much older than 2019.