2648 Cherry Avenue

** Perfect for 1031 Exchange Buyers** 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 alignment jack. There are 7 bays on the property. There is also huge potential for generating additional income by converting 2 of the existing bay pits to service RV, Large Truck and Bus alignments. The property was built for this and known for its high ceiling accessibility and location. 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.