857 S 2nd Ave - Service Station FOR SALE


Walla Walla, WA 99362
$1,500,000 USD
206-888-1166
857 S 2nd Ave, Walla Walla, WA for Sale
$1,500,000 USD
Service Station - FOR SALE
1/3
null | Request Cap Rate

857 S 2nd Ave
Walla Walla, WA 99362


HIGHLIGHTS

  • Turnkey operation recently remodeled
  • Strong financials, sales performance and higher margins, especially for the submarket
  • 2024 frontage street $2.3M pavement restoration

OVERVIEW

The offering is for the gas station & c-store business with the real estate property included. This gas station & convenience store underwent full & extensive remodel then stabilized in 2021 with very strong annual revenues and higher inside/outside margins, especially for the submarket. See Operating & Financials overview in the Data Room. This operation is turnkey and ready for a new operator, with competent staffing in place. Reach out to the listing agent for more information about this opportunity. The land is 0.15 acres or 6,534 SF and the building is 2,738 SF built 1960 effective year 2021 with full redevelopment. Facilities include Type 1 Hood for a hot food program. Across the street from Southgate Center market shopping center, with approx 10,000 vehicles per day traffic. The 2024 2nd Avenue Pavement Restoration $2.3M project construction was completed in Late Summer 2024. This was a mile-long preservation work on 2nd Avenue. The roadway was milled and overlayed from Birch Street to Howard Street. This restoration encourages increased usage with a smoother more even driving surface. There is a Property Portfolio that includes option to purchase Mesa Washington convenience store with similar inside sales performance. Inquire with Listing Agent for details.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$548 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Southgate Chevron

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

COM1

APN/PARCEL ID

360729420089,360729420094,360729428994

ASK ABOUT THIS PROPERTY

206-888-1166

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206-888-1166

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