Retail•Vehicle Related•For Sale

BP Gas Station Convenient Store

1501 34th Street South, Saint Petersburg, Florida 33711

Sale Price $950,000
Sale Type Investment
Zoning CCS-1
Bldg Type Single Tenant
Status Existing
Year Built 1955
Year Renovated 2017
Stories 1
Cap Rate 15.75%
Vacancy 100%
Gross Bldg 2,114 SqFt
RBA 2,114 SqFt
Land Area .42 Acres
Avail Parking 6/1000SqFt
Ceiling Height 10.0 Ft
Improvements Signalized Corner on 34th Street South & 15th Avenue South, steps from Maximo Plaza beach access. OPPORTUNITY ZONE property
Net Op Inc $149,600
Market Tampa Bay
Sub-Market St. Petersburg
Legal Descr Ridgewood Terrace Lots 162 and 163
Renovated BP Gas Station and Convenient Store Signalized Southwest Corner on busy six lane main north-south road, near I-275 interstate exit and access to Saint Petersburg Beach
  • Newly Renovated BP Gas Station on TWO Commercial Folios
  • Three pumps, Double Walled Tank replaced 5 years ago
  • Over 40,000 Gallons per Month, Franchise payback 3.5 cents per gallon
  • Store Sales estimated at $60,000 per month
  • Store has Liquor (beer & Wine) License and Tabaco Sales License
  • Florida Lottery Sales location, ATM on-site
  • No Kitchen at this time, Potential for prepared Food Sales
  • Owner Leases the station to Operator ($54,000/Year, 2% Annual Increases)
  • Lease 5 years, one 5 Year Option, Termination clause upon conveyance
  • New Auto Repair Tenant in-process for Rear Lot and Garage
  • Signalized Corner on busy 6-lane 34th Street South
  • Potential Lease for Garage or Car Wash in Rear, Huge Parking Area
  • Send Lot frontage 50' with depth of 121'
  • Two Folio Sale, perfect for development or expansion of current station.
  • Owner Operator Est. Annual Income: %Gas $16,800, ATM $6,000, Store Gross Sales $720,000
  • Owner Operator Estimated Profit $149,600
  • CASH COW - High Visibility and High Traffic Location

1 Attachments


10/8/2019 3:32:48 PM 10/8/2019 3:32:48 PM
Tony Ulloa
Director Private Real Estate Investments
The Keyes Company


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