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Listing provided courtesy of JOHN L. SCOTT-SALEM: 503-585-0100.

4787 Lancaster NE

Salem, OR 97305
  • $1,150,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 812730
$1,150,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,000
    SQFT
  • $288
    $/SQFT
Type:
Business Opportunity
County:

School Ratings & Info

Listing provided courtesy of JOHN L. SCOTT-SALEM: 503-585-0100. Listing information © 2024 Willamette Valley Multiple Listing Service



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.

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Willamette Valley MLS logo © 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-04-04T00:08:50.837.
www.willamettevalleyhouses.com/homes/148252196
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4787 Lancaster NE Salem, OR 97305

  • Price: $1,150,000
  • Status: Active
  • On Site: 45 Days
  • MLS #: 812730
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,000
SQFT
$288
$/SQFT
Neighborhood:
30 SUBURBAN E SALEM/NORTH
County:
Marion
Area:
30 SUBURBAN E SALEM/NORTH
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.
Exterior Features

Building1 Info 100x40 Warehouse and Office Parking Spaces 4

Property Features

Cap Rate 13.98 Commercial Type Business Opportunity Net Income 188729 New Construction No Possession CoE Source Of Square Feet County

© 2024 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-04-04T00:08:50.837.
 
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Young Property Group | Keller Williams Realty Mid Willamette
2125 Pacific Blvd SW
Albany OR, 97322
Listing provided courtesy of JOHN L. SCOTT-SALEM: 503-585-0100. Listing information © 2024 Willamette Valley Multiple Listing Service