This is because former gas stations are almost always considered contaminated sites. Ask yourself these five questions before you buy a gas station. "It would be a great thing if we could find a use for those old sites. " Windsor, VA. $2, 690, 000. A contaminated site becomes a capital-letter Contaminated Site when the owner of the property applies to the City for one of 5 specific permits named in Section 40 of the EMA: Subdivison, Rezoning, Development, Demolition or Soil Removal. Buy a gas station. South Central Planning and Development Commission (SCPDC) currently has U. S. Environmental Protection Agency (EPA) Brownfield Assessment funding to assess properties for the cleanup and reuse of petroleum-contaminated sites. Is a dog grooming business for you? Although Shell and Carpathia Credit Union were not partners on the project, they did work closely.
How To Buy An Old Gas Station
The average monthly sales:Income: $130, 000No RentThis is the perfect opportunity for the right owner/operator. The previous environmental history of the site and whether there is documented contamination. Here is what the auction states: A 1/25/2013 Phase 1 ESA revealed evidence of RECs in connection with the site, including a 1987 oil spill which was reportedly cleaned up and former use as a gas station from 1911 through 1951.
Buy A Gas Station
Tint World® Automotive Styling Centers™ is America's largest and fastest growing... $120, 000. Call me regarding business purchase financing and to get pre-qualified: 925-785-3118. Will the abandoned gas station near you be cleaned up? "Each site has to have its own risk assessment to make sure its safe, " Hooper says.
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We discuss this topic regarding car washes on this BizBen Discussion. Prime Location Gas Station-C-Store for sale - 407394 AS. In other words, as long as the report is accurate, you are on the hook and you can probably only imagine what it might cost you in terms of independent soil and other testing to show that the report is incorrect. The EPA and Michigan Department of Licensing and Regulatory Affairs (LARA) recently updated the regulations related to sumps and spill buckets, beginning in 2018 requiring testing to prove they are liquid tight. Building occupants, construction or maintenance workers, and surrounding homes or businesses may be impacted. This will work if the lease is specific enough as to what the tenant is certifying. 1M Quick sell only $1. Great Real Estate at Signalized Intersection directly adjacent to major I-5 Freeway2. “Clean” Versus Contaminated Gas Stations. But more could be done, says urban planner Bev Sandalack, a professor at the University of Calgary's faculty of environmental design. After all, if the report did not indicate that the lands are free and clear of any troublesome contamination, then obviously the gas company would not have provided the report?
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If you are considering entering into a new industry, like most now entering the laundry industry, you want to have a good understanding of both opportunities. Keep in mind, however, that this type of remediation includes not only the estimated cost to perform the remediation, but also additional costs for the risks that the contractor is assuming when it provides a guaranteed fixed price. 2020 Ovation Pumps w/large screen display. For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Environmental issues may also exist from former operations at adjacent properties. You can buy gas stations in any town in any state on any street corner, which is both a good and bad thing. Empty former gas station lots number in the thousands, many in prime locations – corners of prominent intersections in cities and towns across the country. RSVP or for more info phone Chuck at 619-227-5711 direct. Property also have offer to build it as a gas station and most or all the money will be paid by photo in the listing is just generic. Gas Stations For Sale in Virginia. Gas stations make for excellent investments for those looking to start or expand their own small business.
Old Gas Station For Sale
In many instances, a Phase II ESA to drill soil borings is completed to collect soil, water, and vapor samples to assess the environmental risk. Learn about these three factors in this BizBen blog post on wine industry due diligence for buyers. 2020 Diesel pumps under separate diesel canopy. High margin Gas station right off of a busy exit on I-59.
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55 margin) +/-C-Store: $25, 000/mon SMOG Bays delivered... Less. 4 Corners of the same I40 Exit. The business has been in the existing location for over 30 years. Along these same lines, it would also be logical to assume that a previously contaminated site, now "clean" would sell for less than a site that was never subject to contamination, all other factors considered equal, due to "stigma". Underground storage tanks and storage tank systems which go into disrepair from either neglect or spending too much time temporarily out of use can cause hazardous liquids such as oil or gasoline to leak into the ground surrounding the area, putting the local environment, as well as the local wildlife and human population, at risk. On Saginaw, near Chestnut Street, a local woman turned a portion of a large piece of asphalt near to a gas station into a beautiful flower garden. I would like to start this discussion and see what other BizBen Users feel about (and possible contribute to this list via a comment and replies below) what items/questions/information buyers should be thinking about during the due diligence and buying process of manufacturing related businesses. Citgo Branded Gas Station and C-store - 287380 AS. Would You Buy a House Built over a Former Gas Station Site. Another thing to take into consideration when planning UST system upgrades is whether the entire system will be done at once or over time.
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Branded Gas Station with Real Estate. This traditional 7-11 averages $222, 000 Plus growing in store sales per month, 135, 000 gallons per month which create $23k Yearly commission income. We are located in Gladwin, just south of West Branch. 2 shutdown gas stations for lease in Alabama on high traffic streets! Consequently the lot had sat vacant for a few years while Shell remediated the soil. Through CERCLA, the Environmental Protection Agency (EPA) was granted power to seek out those parties responsible for any release of contaminants and assure their "cooperation" in the cleanup. The business also has a unique distinction of being one of only two gas stations in the immediate area that now prohibits the construction of any additional gas stations due to DEQ station is nationally branded and has state of the art equipment that is kept in immaculate store also features an office building with storage that could be easily converted to a small C-Store... Less. However, requiring the tenant to return the property in the pre-tenancy condition may fail to account for the cleanup levels that government authorities would deem acceptable for the property. Following are the broad numbers for the location that are Completely Verifiable: Inside sales (33 to 35% inside Margins due to interstate location selling high margin products): ------->128, 000/month (YTD 2022), 115, 000/month (2021), 110, 000/month (2020)Gas Gallons (5 cents/gallon and 15 cents/gallon credit cards commission on gas): ------->96, 000/month (YTD 2022), 100, 000/month (2021), 100, 000/month... Less. Franchisee 7-11 Store for sale in Winchester, VA area. How to buy an old gas station. Then there was the waste oil and solvent disposal methods from the 60s. Rent is $9, 000; an 18 years lease.
Join a globally recognized brand with over 50 years of success and experience in the... $75, 000. To avoid this, landlords can require the tenant to annually certify its compliance with the lease covenants. Built in July 2021, Lease - 20+10 years, Rent - $12, 000 + Property Taxes - $1, 500..