Listed by ALEX MCCARTHY • JOHN L. SCOTT-SALEM • 541-514-1779
$550,000
Est. payment /mo
4,000 SqFt
Active
4787 Lancaster Dr NE NE Salem, OR 97305
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UPDATED:
10/28/2024 05:32 PM
Key Details
Property Type Commercial
Sub Type Business Opportunity
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $137
MLS Listing ID 812730
Property Description
Highline Motors is a profitable, turnkey pre-owned auto dealership in desirable North Lancaster Business Park. The business was built from scratch and has been in operation for over 6 years with a stellar online reputation and optimized SEO presence. The structure of the business is brilliantly designed for minimal tax exposure. Currently, the business uses consignment flooring for vehicle inventory - the flooring credit limit is unique to owner and depends on their qualifications. Customers can use CUDL (credit union direct lending) to connect with a network of credit unions for financing. This creates cash incentives for the dealership, which add around $40,000 / year to the bottom line. CUDL membership is also unique to the owner, but qualifying is not difficult. The sale includes all owned inventory, branding, lease takeover, and all office materials. Flexible landlord - additional option periods and re-write will be unique to buyer. The leased building is a 40’ X 100’ warehouse on slab with two roll-up doors, new visqueen insulation, a full office & lobby area with two restrooms, and an upstairs loft & storage area. Attractive seller-carried financing available.
Location
State OR
County Marion
Area 30 Suburban E Salem/North
Exterior
Garage Spaces 4.0
Building
New Construction No
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