Signal Hill, CA 90755,2648 Cherry Avenue
Signal Hill, CA 90755,2648 Cherry Avenue
Signal Hill, CA 90755,2648 Cherry Avenue
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$2,800,000
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4,806 SqFt
Active

2648 Cherry Avenue Signal Hill, CA 90755

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 4,806 sqft

Price per Sqft $582

MLS Listing ID CROC25071305

HOA Y/N No

Lot Size 0.253 Acres

Acres 0.25

Property Sub-Type Comm Ind For Sale

Property Description

Motivated retiring sellers after 27 years in business (building has been an established mechanic shop since 1978) 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 200-300% with an aggressive advertising campaign. Property consists of an office with 6 automotive lifts: 2 underground, 3 above, and one alignmen

Location

State CA

County Los Angeles

Zoning SHM1

Interior

Fireplace No

Exterior

Utilities Available Electricity Connected, Other

Total Parking Spaces 10

Building

New Construction No

Others

Tax ID 7212014076


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Listed by Mike Sadeghi • Pridemark Group

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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2648 Cherry Avenue