5667 St. Peters Road|Route 2, MLS # 202014245, St. Peters Bay Retail For Sale

5667 St. Peters Road|Route 2, St. Peters Bay, Prince Edward Island, Canada, C0A2A0

$230,000.00

PROPERTY INFORMATION

Business Type:
Other, Retail and Wholesale, Residential (Offices, Shopping center, Residential)
Property Type:
Retail
Industrial Area:
2880
Financial Statement:
No
Freestanding:
No
Garage Type:
Paved Yard
Water:
Drilled W

Remarks

MacDonald's Rite Stop is the only gas bar serving St Peters Bay for a 30 Minute radius. Annual fuel sales of $1.03mil to $1,15mil over last 5 years. Pumps need to be replaced. Pumps are located on .36 acres with a 2880 sq. ft. building and 16 X 24 storage building. Buildings house a store with option to use kitchen to cook & serve food. There is a 21 ft. walk-in cooler, with an apartment/office upstairs. Overall value is $440,000 with Tank & Pump installation costs of $211,000 to be deducted from that for a sale price of $230,000. The sellers have decided they will remove the fuel tanks, remove the pump island, clean up any deposits that exist and will have the Department of The environment on sight to test soil and make sure the property is clean before proceeding any further with the offers. This should eliminate any concerns around potential contamination on the property before proceeding. Buyer must commit to install new tanks. New tanks will provide opportunity to sell 3 types of gas and diesel. New tanks will have 4 pumps instead of two which provides the opportunity to increase gas sales considerably. Seller is selling property & assets. All equipment in the store is included in the sale. The area will soon be the new home of an $18.5M Climate Change Research Center. (id:5706)

Brokered By: RE/MAX CHARLOTTETOWN REALTY