0 Key Peninsula HwyGig Harbor, WA 98329

Property Details for 0 Key Peninsula Hwy

Year built

2002

Property type

Other commercial real estate

Property subtype

Investment properties

Description

This exceptional opportunity presents a thriving, established auto repair business in Gig Harbor, Washington. Located on a 2.47-acre lot (107,593 sq ft) at 9707 Key Peninsula Hwy NW, 98329, this six-bay center has been successfully operating for over 17 years. The business boasts a strong financial performance, generating a Net Operating Income (NOI) of $284,484, resulting in a remarkable 33.47% capitalization rate. The asking price for the business is $849,990. The current lease is a Triple Net (NNN) agreement at $5,000 per month, negotiable with the seller. The property includes a fully stocked building, extensive inventory of tools (a detailed list is available), and a fenced area accommodating up to 50 vehicles. Additional features include dual drive-through entries and a wired security system. Financial records indicate a gross income of $1,376,161. The property was built in 2002 and has the APN 0022364007. Significant growth potential exists through extended business hours and operational enhancements. The seller is open to discussing SBA loan options. Showings are by appointment only, after 3 PM, and cannot be conducted during business hours.

Location Insight

City

Gig Harbor

County

Pierce

State

Washington

Latitude

47.3491

Longitude

-122.738

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].