Corner Lot Gas Station / Redevelopment Opportunity (1 of 2 Available)
1800 S French Ave
Down the street from the other retail redevelopment opportunity we are offering at 101 S French Ave for $745k
Nearly half an acre (.46 Acres / 20,276 sq.ft.) corner lot of commercial land with a lot of street frontage.
-154.31 feet of frontage on 4-lane highway (N US HWY 17-92).
-129.4 feet of frontage on W 18th St.
This property offers a huge redevelopment opportunity for a national retailer as a NNN tenant.
This site is currently operating as a 4 pump Citgo gas station (318 sq.ft. of coverage) with a convenience store (1,548 sf).
The land is zoned GC2 (General Commercial). See the document below for zoning details.
The Annual Average Daily Traffic for French Ave in front of this parcel is 27,500 vehicles.
Business operator currently pays $5,500 on a month to month basis to use the owner's property and equipment.
The business had an NOI of $172,044 in 2018.
Station sold around 300,000 gallons in 2018.
Station had $660,000 indoor sales revenue in 2018.
Real Estate with Business = $875,000 (includes all inventory.)