Priced much below appraised value of $415,000!

Asking Price: No Longer Available

Real Estate: $415,000  (Owned – Included in asking price)

Business Description

Well suited service / gas station retail investment opportunity for seasoned or first time investor or owner-user to buy with real estate including land, building, pumps and tank for sale at $225,000 in the city of Mocksville, North Carolina. The building includes a convenience store, restaurant (currently leased) and a leasable retail/office space most recently appraised for $415,000.

The property sits on +/- 0.52 acres, and has 2,820 SF of heated area and 2,992 SF of non-heated area with a total square footage of 5,812. Four (4) brand new pumps were installed in 2007 to fit EPA standard code requirements with 14,000 gallon capacity. The convenience store has brand new flooring. The basement is unfinished and has 1,320 SF that can be finished for an estimated cost of $25,000 to build an owner/manager suite. Ample surface parking is available. The parking lot needs repairs and the seller will repair and provide a new parking lot to the new owner at no additional cost.

The gas station and C-store is conveniently located with direct access off of US-64 and just 1.1 miles away from I-40 in a residential area with highway business zoning, with great potential to attract both residential and commercial customers. The property is in close proximity to regional demand generators including several trucking companies, construction companies, warehouses, and manufacturing companies to bring high foot traffic, and additional traffic is expected in peak spring and summer from travelers visiting Lake Myers RV and Camping Resort just a mile away with nearly 300 trailers! The 2017 annual average daily traffic within +/- 0.5 miles is 4,800 and the 2019 projected population within 7 miles is over 20,000.

Great opportunity to buy commercial real estate property much below the appraised value with upside potential! The gas station is closed currently. Seller can help new owner with upgrading the property and restarting the business again.

For more details or to list your own gas station for sale, contact Madhur Gupta at 919 428 9840.

***The information in this listing has been provided by the seller, and is subject to change without notice. Buyer must independently verify any of the information about the business, and we assume no responsibility for its accuracy or completeness. ***

Detailed Information

Building SF: 2,820

Competition: Limited competition

Growth & Expansion: This gas station and convenience store is in Davie County, North Carolina, conveniently located in a major transportation corridor including I-40, I-85 and I-77, providing local businesses unparalleled goods-to-market accessibility. The restaurant has good income potential with plenty of skilled workforce around looking for food options. The gross revenue at the time the business was still running was $425,000, and there is great upside potential once the business operates again.

Support & Training: 1-2 weeks training

Reason for Selling: Other interests

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