Mobil Gas Station for Sale

Mobil Gas Station For Sale, Double Wall Fiber Glass Tanks, 2019 Dispensers, 4 Dispensers, Canopy U-Haul, 15 Minutes From London ON, Volume 3 Mln /L . Priced to Sell,

Municipality Governing Zoning City of St. Thomas
Current Zoning Business Zone (B2-4 (Business Zone , Exception 4))
Permitted Uses
Current Use – Gas Station
Is Current Use Legally Permitted? Yes
Zoning Change – Not Likely
Commercial

No. of Stories One Story

No. of Buildings Two Buildings, there is an average quality retail building and a good quality multi-
residential building which includes a four bedroom single family dwelling.

Size 2,311

The retail building is 328 square feet.

Typical Floor Plate The average floor plate measures 2,311 square feet, more or less.

Year Built The improvements to the property were originally constructed in 2010.
Quality & Condition The residential building is in good overall condition. The retail building is average quality.

Foundation The building foundation consists of concrete grade beams on drilled, cast-in-place concrete piles.

Superstructure The superstructure of the building comprises a wood post and beam framework.
Floor Structure Floor structures comprise a wood sub-floor over wood joists.

Store Sales
Convenience Store sales were not specifically provided, however total revenue and total gas revenue, total
gas margins and gross margins were included. As a result, Store sales were calculated by deducted gas
revenues, and rental revenues from total revenues to conclude to the remaining store sales revenue. Store
sales revenue is anticipated to be normalized at $874,119 per year with a gross margin ratio of 37.3%.
Industry standards of convenience store gross margins are typically within 20% – 25%. The convenience
store margins provided by the client are in line with industry standards and will be applied within this report
herein.