Gas Station, Convenience Store, & Restaurant. 3 commercial rental units for additional income. Tremendous upside potential as the current owner does not sell tobacco, alcohol or lottery. Located on Crisfield Highway - all traffic heading to or from Crisfield passes this location.
Full service convenience store/gas station offering hot and cold beverages, chips, grocery items, ice, propane and bait and tackle. There is adjoining space that could be sit down restaurant or expanded area for beer and wine coolers. Kitchen/Deli offers a full menu including fried chicken, hot and cold subs and sandwiches, daily specials and Smith Island Cakes. All equipment included.
Tremendous upside potential. 2024 sales were $1,065,291 without selling tobacco, alcohol or lottery.
The convenience store has a new roof (2020) and was recently repaved.
The gas canopy and 2 double sided pumps were redone/replaced in 2016. The tanks are 100% in compliance and are iron tanks with a fiberglass coating with a 50-60 year life. New tank sump pumps 2022. MDE letter available. Set up to sell Diesel, Regular and Ethanol Free Gas. Current contract expires 12/31/2025 - perfect timing for a new operator to secure a new contract.
Electric hook-up in the side parking lot could be utilized by a snow cone or ice cream truck for additional income.
Includes 3 commercial rental units that have been updated and well taken care of bring in $25,500 annual income.
Total land area is 1.15 acres and 4,712 square feet of improvements. Additional land area of 1.42 acres is available directly behind the store. This gives access to Old State Road, which is heavily travelled by locals.
Potential for financing to cover the down payment. $250,000 Federal Tax Credit that will move over to a new owner if the purchase the property as a LLC. Financials available with a signed Confidentiality Agreement.