Description
Calling all Investors! Rare Opportunity to own this dynamite location on the border of Lakehurst and Toms River. This Gulf Station sits on 0.838 Acres and currently Grosses $132,000. Three Fiberglass Double-walled Tanks installed in 2010 (Owner also carries Tank Insurance). 1st Tank: 15,000 Gallons of Regular, 2nd Tank: 8,000 Gallons of Super, 3rd Tank: 8,000 Gallons of Diesel. Yearly Cap Rate is 7.2%. Building has 3 Garage Bays which is currently rented. Owner also does Propane Sales, U-Haul, and Truck Storage. There is also an opportunity to generate more income if you took advantage of the Tobacco License which is currently not being utilized. Seller is also open to Land Lease for the right opportunity
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0BEDS
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0.84ACRES
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0BATHS
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01/2 BATHS
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1,860SQFT
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$645$/SQFT
School Ratings & Info
Description
Calling all Investors! Rare Opportunity to own this dynamite location on the border of Lakehurst and Toms River. This Gulf Station sits on 0.838 Acres and currently Grosses $132,000. Three Fiberglass Double-walled Tanks installed in 2010 (Owner also carries Tank Insurance). 1st Tank: 15,000 Gallons of Regular, 2nd Tank: 8,000 Gallons of Super, 3rd Tank: 8,000 Gallons of Diesel. Yearly Cap Rate is 7.2%. Building has 3 Garage Bays which is currently rented. Owner also does Propane Sales, U-Haul, and Truck Storage. There is also an opportunity to generate more income if you took advantage of the Tobacco License which is currently not being utilized. Seller is also open to Land Lease for the right opportunity
© 2023 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Provident Legacy Real Estate Services, LLC. Data last updated 2023-03-31T20:20:29.52.
Listing information © 2023 Monmouth-Ocean MLS. Listing provided courtesy of Abram Covella of Re/Max Revolution: (732) 867-8617.