Gas Station, New Jersey, USA

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Gas Station, New Jersey, USA

$1,040,000
$5,621 /m²
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  • Total area
    185 m²
  • Yield
    7.8%
  • Built in 
    1960
Details
Property parameters
  • Land area: 1,173 m²
  • Number of parking lots: 10
  • 1-floor building
Financial performance
  • Annual income: $81,070

Gas station next to a busy highway with high traffic.

Description

The gas station has an area of 185 m² and includes a gas station, a garage for 2 cars, an office space and parking for 10 cars.

Gas station has been upgraded with new blacktop, LED signage and lighting, two dual gas pumps with canopy and one dual diesel pump, all with card readers. Tanks were installed in 1998 and are double wall fiberglass.

Tenants

Fully rented on month-to-month leases. It is possible to sign long-term lease agreements with the current tenants.

Gas station operator and auto repair shop pay 50% of real estate taxes and sewer and water.

Location and nearby infrastructure

The property is located in the state of New Jersey, Passaic County, in a city with a population of about 55 thousand people. The property is located on a busy highway, close to various shopping centers, supermarkets and malls.

New York City (Manhattan) is about 40 km away.

New Jersey is a state in the Mid-Atlantic region of the Northeastern United States. It is a peninsula, bordered on the north and east by the state of New York. New Jersey is the 11th-most populous state, with 9 million residents, the most densely populated of the 50 U. S. states and third-wealthiest state by median household income. The territory of the state belongs to the urban agglomerations of New York and Philadelphia.

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If this ad doesn't suit you, have a look at the other gas stations for sale in New Jersey.

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