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30000905

527 E Mills St, Columbus, NC 28722

Coldwell Banker King
Listed by Coldwell Banker King
$475,000
98 days on market
Updated 98 days ago

Garage Auto Repair

Details
APN C2-B6 Portion
Property Type Business for Sale, Mixed Use
Sub Type Business and Building
Square Footage 6,200
Units 1
Cap Rate 7.65%
NOI $36,323
Occupancy 100%
Price per SqFt $77
Class D
Year Built 1987
Stories 1
Acreage 0.510
Investment Type Owner/User
Occupancy Date 03/02/2026
Ownership Owned for over a year

Business for Sale | 7.65% CAP | 6,200 SqFt

Marketing description

Positioned along the high‑visibility East Mills Street corridor, this 6,200 SF metal auto‑repair facility offers an excellent opportunity for an owner‑operator or investor seeking a well‑located service property in a strong Polk County trade area. The current owner is retiring, and this sale represents the auto‑repair portion of a long‑established business. The adjoining portion of the operation—Durham’s Lube—is also listed for sale that can be purchased together, creating a clean transition for a new operator to step into an established location with steady traffic and strong local demand.

The building features multiple service bays, two offices, one restroom, and ample interior workspace suitable for automotive repair, light industrial, or service‑based operations. Situated on 0.51 acres, the property provides easy ingress/egress, customer parking, and excellent frontage on E Mills Street, one of the area’s primary commercial corridors.

All major shop contents and equipment are included in the sale, offering a turnkey setup for continued automotive use or an adaptable footprint for alternative service businesses. With limited supply of mid‑size industrial/service buildings in the region, this property delivers both functional utility and long‑term location value.

Listing Contacts

Coldwell Banker King
Listed by Coldwell Banker King

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$36,323.00
$3,026.92/mo

Valuation Metrics

0
DSCR
7.65%
Cap Rate
7.65%
ROI

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