Property DescriptionRare investment opportunity to be part of a successful, high-traffic, independent auto dealership as owner moves into auto franchise opportunity. This is a great opportunity to enter the industry before tax time. Dealership has earned a Five Star Rating, is in a high-visibility freeway frontage view lot, boasts an established clientele, is a Chamber of Commerce member and has operated since 2013. Business comes with owned inventory and established banks required for financing. Lease includes utilities. Low monthly overhead. Net profit YTD and financials available upon request. Seller may carry with strong financials or 50% down. Seller may stay on as 1% Advisor. New owner will receive residual book of business from the past three years.
- Property Type: Retail
- Year Built:2008
- Square Footage:5000.00
- Lot Size: 33595.00 SqFt (0.77 acres)
- Baths:0.00 ()
- Listing Broker:Brian Gilbert
- Listing Office:Equity Group
Amenities / Utilities
- Tennis Court
A government loan program geared towards owner-occupied, first-time home buyers. Down payment can be as low as 3.5%. However, the buyer will have to pay the PMI (Principal Mortgage Insurance).
Down payment can be as low as 5%. For down payments lower than 20%, the buyer will have to pay PMI (Principal Mortgage Insurance). If the down payment is 20% or more, there will be no PMI charged to the buyer. When purchasing an owner-occupied property, interest rates may be lower as compared to purchasing an investment property. The limit for a conventional loan in Fresno County is $453,000. Loan limits are subject to change.
A loan above the conventional loan limit is considered a jumbo loan.