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31253684
31253685

922 US-70, Garner, NC 27529

LB
NC SL 3637338
Matthews
JL
FL SL3510801
Matthews
AD
FL SL3579687 (FL)
Matthews
Listed by Matthews
$2,200,000
78 days on market
Updated 64 days ago

Auto Performance Center

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 8,323
Net Rentable (SqFt) 8,323
Units 2
Occupancy 100%
Tenancy Single
Year Built 1965
Acreage 0.600
Zoning CMX
Investment Type Owner/User
Ownership Fee Simple

Turn-Key | Auto Performance Center | Value-Add

Marketing description

Property Highlights

  • Turn-Key Operation: Established automotive business with a diversified and stable revenue base, operating at this location for 52+ years. Significant runway remains for operational efficiencies and revenue growth.

  • All FF&E Included: Fully equipped facilities including paint booth, lifts, frame machines, alignment equipment, and air compressor — enabling immediate continuation of operations.

  • Versatile CMX Zoning: Commercial Mixed-Use (CMX) zoning permits a wide range of commercial and mixed-use applications, a rare entitlement given the high barriers to entry in the greater Raleigh market.

  • Functional Building Layout: Facility features eight (8) bay doors of varying sizes, allowing efficient workflow and high vehicle throughput. Purpose-built automotive facility equipped with downdraft flooring enhancing operational efficiency and environmental control.

  • Opportunity Zone Benefits: Located within a designated Opportunity Zone, offering potential tax advantages while maintaining strong surrounding demographics, high traffic counts, and convenient access to the I-40 Beltline.

  • Owner-User or Investment Optionality: Opportunity to acquire both the collision and auto repair operations, allowing an owner-operator to occupy the entire facility or lease a portion for passive income generation.

Location Highlights

  • Well-Sized Facility & Site: ±8,323 SF of heated space including two separate office areas, storage, and expansive service areas. The ±0.6-acre parcel supports approximately 40 customer parking spaces.

  • High-Visibility Automotive Location: Prominent frontage along US Highway 70 with traffic counts of approximately 37,320 vehicles per day (Alpha Maps).

Strong Population Growth: Garner ranked among the fastest-growing municipalities nationally between 2023–2024, experiencing approximately 15.65% population growth, adding nearly 21,000 residents within a 5 mile radius, and ranking within the top 10 U.S. communities over 20,000 population

Listing Contacts

LB
NC SL 3637338
Matthews
JL
FL SL3510801
Matthews
AD
FL SL3579687 (FL)
Matthews
Listed by Matthews

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Additional Information

Name
Gerard Hamas
License
License NO. C42113, 362768 (NC)
Brokerage
Matthews Real Estate Investment Services
Title
Broker of Record
Name
Lleyton Buscher
License
SL 3637338
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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