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Fully Operational Unbranded Service

206 E State Hwy 31 East : Kilgore, TX 75662

Gregg County, Texas

0.36 Acre
$795,000 USD
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Property Description

Real Estate Overview The subject property is an unbranded Service Station & C-Store. A canopy, of +/-1,400 square feet, houses three double sided Gilbarco pumps with all dispensers equipped with gasoline and one dispenser equipped with diesel and gasoline. Fuel tanks were installed in 2005 with ACT Fiberglass lined tanks & lines. Tank capacity includes 8,000 gallons unleaded, 4,000 gallons super grade, and 4,000 gallons diesel. The land area of the site is approximately 15,544 sq. ft. 0.36 acres. Business Overview Additionally, the subject property includes a 3,000 square foot unbranded C-Store. In 2018 the seller did extensive updates to the store with new store front fascia, new flooring throughout, new condensing units for the coolers, a new Hvac system, new cooler doors, a new hot water heater, and LED lighting. The store is also equipped with a full kitchen and a Passport POS system. Although no fuel agreement is in place, the seller has been approached by multiple brands with financial incentives. The subject has historically sold +/-7,000 gallons/month with +/-95 of fuel sales for gasoline and +/-5 of sales for diesel. Approximately +/-20 of sales come from fuel sales and +/-80 of sales come from inside store sales C-Store products. From 2017 2019, revenues ranged from $490,000 -$1,260,000 rounded. It should be noted, 2018 saw a significant decline in sales due to the property being closed for 8 months while undergoing upgrades. Additionally, there is room for significant growth in fuel sales as the fuel pumps do not currently accept debit or fuel cards.

More Property Details

Has Residence / Home
Has Commercial Building
COMMERCIALFLIP ID
246992
MLS / Other ID
42237-31026
Posted on COMMERCIALFLIP
99 Days Ago
Last Updated
12 Days Ago
Views
4
Property features, descriptions, details, directions, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by COMMERCIALFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Contact the seller directly regarding this listing.