Unbranded Gas Station/Convenience Store

Retail-Commercial for Sale
Catylist Listing ID: 30297413
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station, Vehicle Related
Building Size (RSF): 1,222 SF
Gross Land Area: 0.13 Acres
Sale Price: $469,000
Unit Price: $383.80 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 1055 Smith Street
Usable Size (USF): 1,222 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2018

Overview / Comments

Unbranded gas station and convenience store offering both self service and full service islands. Very clean operation that includes an attached bay that is currently rented for auto repair at $900 per month. This is a highly visible location at the intersection of Smith and Eaton Streets. Property abuts a very busy Santander Bank located directly across from La Salle Academy. Duel wall fiberglass tanks.
NOTE: Sales volume, rack price, store margins and any and all confidential financial information will only be disclosed to qualified and financially prepared buyers.

Highlights:
*HIGH VISIBILITY
*IDEAL OWNER/OPERATOR OPPORTUNITY
*MOTIVATED SELLER
*FULL AND SELF SERVICE ISLANDS

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $14,368 (Annual)
Tax Value Land $220,800
Tax Value Improvements $170,700
Assessed Value - Total($) $391,500 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Providence
Tax ID/APN: 85/ / 197/ /
Zoning: R1
Retail Clientele: General, Family, Business, Recreation
Property Visibility: Excellent
Largest Nearby Street: Eaton
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,222 SF
Property Condition: Good
Year Built: 1970
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,553 241,778 427,886
Median Age: 33.11 33.76 35.63
Households: 11,067 90,663 164,939

Contact

Photograph of Listing Agent

Jim Conway

Conway Commercial Group of WR Commercial
ECCPN Member
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