Remarks

Gas Station, Convenience Store, restaurant or expansion area plus 3 rental units for additional ($25,500 annual income). Tremendous upside potential by adding alcohol, tobacco and lottery sales. Located on Rt. 413 - Crisfield Highway - all traffic heading to or from Crisfield passes this location. 1.15 acres with 4,712 square foot facility. Additional 1.42 acres behind the facility is also available for expansion or add additional business such as mini-storage, RV or boat storage.

- Full services convenience store with deli. Currently offering carry-out but there is room to add sit-down restaurant. Upgraded kitchen and recently paved parking.
- Set up to sell Diesel, Regular and Ethanol Free Gas. Current contract expires 12/31/2025 - perfect timing for an operator to secure their own contract if desired.
- 2024 sales of $1,065,291 without selling tobacco, alcohol or lottery.
- Appraisal 4/2023 - $1,100,000

-Potential $160,000 financing to help with the down payment.
- No Further action letter from MDE on file.
- New sump pumps for gasoline tanks in 2022.
-$250,000 Federal Tax Credit that can transfer to an owner that purchases the LLC

Details

MLS#: MDSO2005518
Price: $799,000

Year Built: 1990

County: SOMERSET
Tax Fee: 3049.0