Thinking Of Buying An Old Gas Station

500, 000 is for 1 share of the business.... Less. "If they're in the middle of a neighborhood, they might make a great location for neighborhood organizations like the Old Town Commercial Association, " Hooper says. Vacant Gas Stations: What If. To receive Capital Gains free every week, click here. Branded convenience store with Gas and deli 725961-AS. Buying a gas station can be a profitable business. The AAI Rule provides an escape from liability called the "innocent landowner defense, " but this defense can only be used to escape liability if "appropriate due diligence" was conducted prior to the acquisition of the property.

  1. Buying old gas station property law
  2. Buying old gas station property for sale in connecticut
  3. Buying old gas station property search

Buying Old Gas Station Property Law

Independent Gas Station, C-Store, with beer and wine license, with tremendous upside for sale in the heart of Akron, Ohio. There are still in the ground. They have underground fuel tanks, which can contaminate the site. Bridge Realty IS PLEASE TO INTRODUCE THIS MAJOR BRAND STATION (with Real Estate) FOR SALE NEWLEY REMODELED "HIGH VOLUME " ARCOASKING PRICE: $6, 400, 000LOCATED IN BEAUTIFUL CITY OF SAN BERNAARDINO CLOSE TO CALIFORNIA STATE UNIVERSITY SAN BERNADINO, AND SURROUNDED BY MANY APARTMENTS, SCHOOL AND SHOPPING CENTERSNEAR FREEWAY LOCATION 320, 000 + GALLONS OF GASOLINE PER MONTH AT 0. This truck fueling center along with C-Store/Gas Station in Virginia, located west of... $4, 900, 000. This includes the emergence of the vapor intrusion (VI) pathway and how it has impacted buyers view of environmental risk. Though most market participants agree some discount may be in order for contaminated or stigmatized sites, the results of our studies are surprising. “Clean” Versus Contaminated Gas Stations. "It's like any small town. Contamination and gas station properties often go hand in hand. This great corner lot location in Halifax county, South Boston, 4 Gas station, C-store... $1, 350, 000.

Sometimes the contamination has migrated to include the neighbouring property, and the neighbour doesn't want their building to be excavated. Also, if you're planning to sell a former service station property, an environmental professional experienced in environmental site assessments and compliance should be hired to inspect the area for the same reasons listed above for buyers. Buying and Selling A Former Service Station Property - Point to Point Environmental. Among them is a high-profile site on Edmonton's Whyte Avenue – a major entertainment and retail hub – vacant since 1998. Your lawyer and your environmental engineer for a relatively modest investment can assist you in determining whether or not you may be buying a serious financial problem. These were operating stations. Entrepreneurs who think they want to buy a towing business need to have some idea of what to look for when examining businesses for sale in this industry.

Buying Old Gas Station Property For Sale In Connecticut

CA* Please contact Broker directly for additional detailsBusiness & Real Estate For Sale: $5, 850, 000 + Inventory- HIGHLIGHTS -1. Both stores are 3 hours apart! That company could buy up 10 contaminated sites then go insolvent and disappear, abandoning the land for the Province to clean up. No is for - Profits from all inside sales to the operator - 5 cents/gallon fuel sales commission- NOI(after rent): $300, 000/year- Rent: $23, 500/month- Goodwill: $400, 000- Have to purchase inside the inventoryCombined Outside Sales: 3. Margins on regular gas are 10 to 20 cents; Midgrade gas is always 30 cents, premium 35 cents, and diesel 40 cents. The site was contaminated from leaking gasoline tanks that had since been removed. Buying old gas station property law. Absolute NNN ONLY FOR OPERTY NOT FOR DO NOT VISIT WITHOUT AN APPOINTMENT! "Because those businesses are no longer viable, the owner or whoever owned the property is never around, so they become kind of a problem — an orphan issue, " says local developer and owner of the Old Town. Risks from regulatory compliance issues can be mitigated by a thorough evaluation of tank system components and records. Chuck Post, Laundry Industry Advisor explores growth opportunities, equipment advances, industry challenges and trends all laundromat buyers and investors should know about. Use the purchase and sale agreement as a mechanism to allocate environmental risks, including representations and warranties, escrows, releases, indemnities and potentially the retention of environmental liabilities by the seller, or more often the assumption of environmental responsibilities by the buyer.

What Do The Records & Financials Look Like? Oil companies hate risk, so they would rather just own the land, put a fence around it, say "no trespassing" and do whatever due diligence is required to keep anyone from messing with their contamination. Gas Station, C_store and Car Wash for Sale. In at least two of the three locations that I have dealt with, the reports had information relating to remediation at the sites. Buying old gas station property search. "Would not affect the interest rate, but there would be a lot more scrutiny of the gas station and a reluctance to loan. The laundry business offers all of those rewards of business ownership, with much fewer headaches than with most other businesses. Whatever the use, something needs to be done with these eyesores, especially the ones in highly visible areas, like the one next to the Stadium District.

The store has 2, 700 sq/ft on top of 0, 44 ac Land. Prince William County, VA. Brief Description The CITGO branded station is an area high-growth residential area. At that time, a Buyer can either benefit by accepting substantial incentive funds from ARCO, estimated to be... Buying old gas station property for sale in connecticut. Less. Store #2 1 hr from Birmingham, AL! There are several things to consider when placing a value on a preschool. Sorry about asking what sounds like a tangential question, but I'm considering purchasing a new house that is being built on top of what use to be a gas station. We discuss this topic regarding car washes on this BizBen Discussion.

55 margin) +/-C-Store: $25, 000/mon SMOG Bays delivered... Less. • Car Wash + REAL ESTATE + Auto Center; For Sale $5, 990, 000• Rental income $13, 000 NNN from Auto Center• Year Build: 2006 * Lot Size: 26, 914 SF * Car Wash Building * 2, 494 Sf * Auto Center Building: 4, 085 Sf. Fuel Gallons 100K/Mth, Snacks $35K/Mth, Car Wash $14k -18K. You can stick wells in the ground and blow air down into the hydrocarbons and groundwater ("air sparging"). This is a great business for a first time owner or as a family owned ntact me today for more info or to schedule a showingBilly Kataria at 407-739-2606 or e-mail me... Less. After the conversion from 7 Eleven the station is pumping close to 200, 000 gallons per month and you get to control your own gas prices and keep 100% of the gas profit!

1 hr 30 mins from Atlanta, GA! Contributor: If your business involves alcoholic beverage sales, we can help. These policies have several different types of coverage that might be available in connection with the purchase of a contaminated property. Currently, the store is open 82 hours per week. Peter Siegel, MBA with and an SBA loan consultant & placement specialist explains the differences between them. It is a long story, and regular readers know how much I love long stories. Despite the current market, no one is forecasting the corner filling station's demise. Partnership between oil and gas companies and developers "are enabling some of these to go forward, " Mr. Quandt says. Policies generally offer policy limits of up to $25, 000, 000 (although more may be available), deductibles of $25, 000 and up, and terms of 1-10 years (but usually not more than 5 years for new pollution conditions).

Regardless, this type of in-situ remediation can take years or even decades, and in the meantime we can end up with a vacant lot, surrounded by a rental fence, with white pipes sticking out of the ground everywhere. And there is nothing the City can do about it. What would be the best thing to do? The prospective buyer went as far as to do an environmental study on the site, but then pulled out, Lightfoot said. In the same way that whenever I tell anyone I am geologist they ask me about when the next earthquake is going to happen (short answer: I have no idea), when people find out I work with contamination, they always ask about old gas stations. And when problems occurred, Shell took care of it, Mr. Dlugosh says. Already own a gas station? Former sites would have much less value, yet he adds large gasoline retailers are increasingly putting in considerable resources to divest these properties. The existence of the Michigan Underground Storage Tank Authority (MUSTA) fund has certainly influenced the approach. Located right in front of a huge residential neighborhood. 00 in store sales, Food Service sales 64656.

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