High Volume Gas Station/Convenience Store

Retail-Commercial for Sale
Catylist Listing ID: 30543698
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 1,798 SF
Gross Land Area: 0.32 Acres
Sale Price: $1,700,000
Unit Price: $945.49 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Irving Gas & Convenience
Usable Size (USF): 1,798 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/20/2020

Overview / Comments

Irving Gas Station and Convenience Store on 280 Plainfield Street in Providence.
This real estate and business acquisition offers tremendous opportunity for an established branded vendor or an independent operator. A new owner has the option of maintaining the existing Irving brand or completely re-branding. This is a relatively new facility having been constructed from the ground up in 2010. Everything is in excellent turn key condition. Ideally sited, with the location of this facility offering direct access to the new Rt. 6A Connector as well as close proximity to Rt's 6, 10, 95 & 295. Daily traffic counts of over 40,000 vehicles per day at a signalized intersection.

This is a real estate and business assets sale. Financially qualified buyers will be provided with income and expense information after completion of a confidentiality agreement.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $17,530 (Annual)
Tax Value Land $159,600
Tax Value Improvements $316,900
Assessed Value - Total($) $476,500 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Providence
Tax ID/APN: PR 105-0496
Zoning: C2
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Traffic/Vehicle Count: 40,000
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2010
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central, Heat Pump
Air Conditioning: Engineered System
Lot Frontage: 208'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 53,326 245,810 426,032
Median Age: 28.62 33.41 36.41
Households: 17,506 90,460 164,280

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