Guides for shop owners · Massachusetts and Connecticut

What's my multi bay garage building worth in Massachusetts?

A garage building is valued like other commercial property: location, size, condition, zoning and what it could earn as rent. More bays and good access usually help.

If this sounds like youYou're proud of the building you built up. More bays, more lifts, a good lot. You want to know what it's really worth.

Talk to JamesWho we are
A South Windsor building before the Lotus crew renovated it
A South Windsor building before the Lotus crew renovated it
The same South Windsor building after renovation
The same South Windsor building after renovation
Your options

What you can do.

OPTION 1

Get a commercial appraisal

The clearest number, from someone who knows your town.

OPTION 2

Look at what it could rent for

Buyers often value property by the rent it could bring.

OPTION 3

Sell it with the shop

One buyer, one price for both.

OPTION 4

Keep it and lease it

Steady rent from the next shop owner.

Before you decide

What to watch for.

  • Check your zoning allows auto repair going forward.
  • List upgrades you've made: roof, lifts, paving, heat.
  • Have your deed, survey and any environmental papers ready.
How Lotus helps

Owner to owner, and it stays private.

Lotus buys repair shops and the buildings they sit in across Massachusetts and Connecticut. We like buildings with room to grow, and we renovate them with our own crew. Talk with James about yours.

James StephensonJames Stephenson
Lotus, Massachusetts and Connecticut
Talk to James
Questions

Quick answers.

Is my building worth more than my business?

Sometimes. Get each valued on its own so you can see both.

Does zoning affect value?

Yes. A building already allowed for auto repair is often more valuable to a shop buyer.

Keep reading
Real estateCan I sell my repair shop and the building together?Real estateWhat is my auto repair building worth?Real estateShould I sell my shop but keep the building and lease it?
Say hello

Thinking about what comes next for your shop or building?

Reach out and we’ll talk it through. No pressure, and the conversation stays private.

james@lotuspe.us