C-Store and Gas Station

Retail-Commercial for Sale
Catylist Listing ID: 30413200
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station, Vehicle Related
Building Size (RSF): 2,600 SF
Gross Building Area: 4,128 SF
Gross Land Area: 0.68 Acres
Sale Price: $540,000
Unit Price: $207.69 PSF
Ceiling: 12 ft.
Property Use Type: Investment
Building Name: "A" Food Store
Usable Size (USF): 2,600 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2019

Overview / Comments

Established Convenience / Gas Station Store conveniently located on a busy crossroad of more than 20,000 daily commuters. C-store currently provides a good assortment of drinks and snacks. There is a deli and additional space to expand the food offerings. Gas sales from 2 pumps/2 dispensers from a 15,000 gallon tank split to store premium and blended gas as well as regular. Additional income drivers include Lotto Sales. At this price, there is upside potential. The owners also do little to no advertisement and promotion (benefit of loyal, regular customers) but it could benefit by more advertising.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 271S303101004001
Zoning: HC/LI
Retail Clientele: General, Business, Traveler, Recreation
Property Located Between: Old Palafox Hwy and W Burgess Rd.
Property Visibility: Excellent
Largest Nearby Street: Old Palafox Hwy
Feet of Frontage: 262
Traffic/Vehicle Count: 25,000
Highway Access: Located on Old Palafox Highway, with access to Highway 29 and I-10 from Burgess Rd.
Airports: PNS
Site Description: C-store is located on a highly visible signalized corner with daily traffic flow in excess of 20,000 vehicles per day. With cosmetic improvements would enhance property and potentially attract additional business.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,600 SF
Property Condition: Good
Year Built: 1971
Roof Type: Other
Construction/Siding: Brick
Total Parking Spaces: 20
Parking Type: Surface
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: High Density / Light Industrial
Lot Frontage: 176
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: BEG AT NE COR OF LAKE PARK ESTATES N ALG HWY OF PENSACOLA-FLOMATON HWY 250 FT FOR POB NW AT AN ANG OF 70 DEG 30 MIN 258 5/10 FT N PARL TO E LI OF LTS 7 AND 8 180 3/10 FT TO N LI OF SEC E ALG N LI 175 5/10 FT TO WLY R/W OF H/W SELY ALG R/W 150 FT TO POB OR 3633 P 78 LESS OR 99 P 461 ST RD R/W S/D OF LT 2 W OF H/W & ALL LTS 3 AND 4 SEC 27 AND LT 2 SEC 25 SEC 25/27 T 1S R 30 W LESS OR 3519 P 971 SR 742 R/W

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,493 68,027 170,188
Median Age: 40.45 36.82 38.28
Households: 2,297 27,377 68,435

Contact

Photograph of Listing Agent

Omar Walter Nagi

Alliance Real Estate Gulf Coast CMLS Member
Photograph of Listing Agent

David P Wu

Alliance Real Estate Gulf Coast CMLS Member
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