Gas & Conv Store Business

Retail-Commercial for Sale
Catylist Listing ID: 30359535
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Building Size (RSF): 1,900 SF
Gross Land Area: 24,000 SF
Sale Price: $139,000
Unit Price: $73.16 PSF
Ceiling: 10 ft.
Property Use Type: Business
Building Name: Citco
Usable Size (USF): 1,900 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2019

Overview / Comments

Convenience. Store, Gasoline & Diesel on M-46 Projected
Sales: Over $2 mill. /Yr.
This only Station with Beer & Wine in Hemlock.
1900 sf, Plus Canopy, reach in cooler, Tobacco, 3 above ground monitored Tanks. Inventory to be purchased @ cost.
Property is leased @ $3,100/mo. 2 years on lease with 2-5yr options to extend. No contract on Fuel. (Could be purchased, asking $400,000)
Make Offer!

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Taxing Authority: Richland Township, Saginaw co.
Tax ID/APN: 22-12-2-28-4002-000
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Saginaw &Merrill, MI.
Property Visibility: Excellent
Largest Nearby Street: On, M-46
Traffic/Vehicle Count: 18,000
Highway Access: Convenience. Store, Gasoline & Diesel on M-46 Projected Sales: Over $2 mill. /Yr. This only Station with Beer & Wine in Hemlock. 1900 sf, Plus Canopy, reach in cooler, Tobacco, 3 above ground monitored Tanks. Inventory to be purchased @ cost. Property is leased @ $3,100/mo. 2 years on lease with 2-5yr options to extend. No contract on Fuel. (Could be purchased, asking $400,000) Make Offer!
Airports: MBS
Site Description: Hi-Way Convenience Store &Gasoline Station With Diesel.
Area Description: Hemlock is a neat Little Town With a Major Highway Going through it.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1950
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Painted Block
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: Parking @ each Pump and @ Building.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3
Interior Description: Large Walk-in Cooler with several Gondolas.
Zoning Description: Commercial
Lot Frontage: 200'
Lot Depth: 150'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,429 4,144 13,455
Median Age: 38.23 42.47 44.04
Households: 570 1,610 5,286

Contact

Photograph of Listing Agent

Henry Johnson

Henry Johnson Real Estate & Leasing Company
CPIX Member
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