2648 Cherry Avenue, Signal Hill, CA 90755

  • $2,800,000
2648 Cherry Avenue, Signal Hill, CA 90755
Active
2648 Cherry Avenue, Signal Hill, CA 90755
2648 Cherry Avenue, Signal Hill, CA 90755
  • $2,800,000

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.

  • Address 2648 Cherry Avenue
  • State/county CA
  • Zip/Postal Code 90755
  • Country US

Details

Updated on April 5, 2025 at 1:52 am
  • Property ID: OC25071305
  • Price: $2,800,000
  • Property Size: 4806 Sqft
  • Land Area: 0.2526 Acres
  • Garage Size: x x
  • Property Type: Industrial, Commercial Sale
  • Property Status: Active

Additional details

  • Listing Terms: Cash,Cash to New Loan,Government Loan
  • Roof: Flat
  • Utilities: Electricity Connected,Phone Connected,Sewer Connected,Water Connected
  • County: Los Angeles
  • Property Type: Commercial Sale

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%

Similar Listings

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare
Anush
  • Anush