Appraised for $1.5M! Gas Station with Property in Baton Rouge, LA! No EBT and No Lottery!
Appraised for $1.5M! Gas Station with Property in Baton Rouge, LA! No EBT and No Lottery!
Price: $1,500,000
Industry: Convenience Stores, Gas Stations
Listing ID: BATONROUGELAGS1.5M
Property was appraised for $1.5M just last year in November! Seller is asking for the appraised value of the Property!
Seller has No EBT and No Lottery! Seller is absentee and does not wish to bother with employees managing the EBT and Lottery. Huge Opportunity for Buyer to increase sales substantially by adding EBT and Lottery!
A mechanic shop is located behind the store and a tenant is paying $1,500 per month!
Seller's relative runs the business full-time and simply pays the Seller $10,000 per month for running the store!
Inside Sales are approximately $60,000 per month! Outside Sales are an average 30,000 Gallons per month at 20 cents average margin per gallon!
Property is located in a lower-income area in which offering EBT will generate substantial additional sales!
Building includes a Huge Kitchen behind the register! Huge opportunity to expand on food sales!
Seller has had the Property for the past 5 years. Seller's relative is operating the business for the Seller and pays the Seller a fixed amount every month!
Store is open 24/7.
Jobber Contract is Rack+1 with 5 years remaining.
Property is located in an Opportunity Zone! That means that the Buyer can make improvements to the Property and NOT pay capital gains tax on the improvements!
Property is located at an Intersection with access to two major streets! Traffic count of 6,700 vehicles per day on one road and 8,600 vehicles per day on the other road!
Property is 0.85 acres!
Less than 2 hours from New Orleans, LA!
Near to Baton Rouge Community College with 6,800 students, Louisiana Community & Technical College System, and Mid City College!
2 miles from a new development coming to downtown with recreational areas and 200 units as well as a hotel development which will contain 91 rooms and suites.
5 miles from a new residential project with 132 units in a mix of studio through five-bedroom floor plans.
Asking Price for Business and Property: $1.5M plus inventory!
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Gross Revenue: $720,000
Square Footage: 3262