Foreclosure Bank Owned Gas Station For Sale

Newark, NJ
Essex County

No Fuel Contract 0.47 Acre Property

Asking Price: Annual Revenue:
$1,350,000 Not Disclosed

Automotive & Boats: Gas Stations

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RE: Foreclosure Bank Owned Gas Station For Sale Broker: Jose Pagan

Quick Facts

Asking Price: $1,350,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 985756097
Broker Reference #: NBG 584 NJP

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Business Overview:

Bank owned branded gas station that was built in 1998 on a 3 way intersection corner lot on a major road with plenty of local traffic. This station was currently on the market for $1,050,000 with tenants in place and fuel contract in place as well and now being offered free and clear of tenants and possible no fuel contract. The station comes fully equipped and has full canopy with 4 MPD's and a convenience store that is a stand alone building that is 800 square feet total. We have no numbers on the fuel or the store sales we are dealing directly with the bank and they have no history of sales. This property is within compliance of the state of New Jersey and is operating as of now and has been since 1998. The property is big enough to build a 3000 sf convenience store with over 15 parking spaces which is required for a store of this size. The current landlord of this site had plans to build and has been advertised as such by other brokers that were representing the sale prior to foreclosure. The new buyer will get this property delivered free and clear with no tenants and possible no fuel contract. We are accepting offers on behalf of the bank with the asking price starting at $1,350,000 asking price is based on market value and priced to sell. We have no information on the tanks or the environmental's the station is being sold as is make an offer. All offers welcomed 1031 exchange as well buyer must be willing to close within 45 days. Happy shopping.

There is also no financing being offered from the bank buyer must have his/her own financing in place for this transaction.

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Property Features and Assets:

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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