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101 Route 70

Lakehurst, NJ 08733
  • $1,200,000
  • STATUS: Active Under Contract
  • ON SITE: 316 Days
  • MLS #: 22201730
Under Contract
$1,200,000
  • 0
    BEDS
  • 0.84
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,860
    SQFT
  • $645
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Calling all Investors! Rare Opportunity to own this dynamite location on the border of Lakehurst and Toms River. This Gulf Station sits on 0.838 Acres and currently Grosses $132,000. Three Fiberglass Double-walled Tanks installed in 2010 (Owner also carries Tank Insurance). 1st Tank: 15,000 Gallons of Regular, 2nd Tank: 8,000 Gallons of Super, 3rd Tank: 8,000 Gallons of Diesel. Yearly Cap Rate is 7.2%. Building has 3 Garage Bays which is currently rented. Owner also does Propane Sales, U-Haul, and Truck Storage. There is also an opportunity to generate more income if you took advantage of the Tobacco License which is currently not being utilized. Seller is also open to Land Lease for the right opportunity

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© 2022 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Caitlyn Mulligan with RE/MAX Revolution. Data last updated 2022-12-04T00:20:11.737.
www.mulligansellsmore.com/homes/124943613
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101 Route 70 Lakehurst, NJ 08733

  • Price: $1,200,000
  • Status: Active Under Contract
  • On Site: 316 Days
  • MLS #: 22201730
0
Beds
0
Baths
0
½ Baths
0.84
Acres
1,860
SQFT
$645
$/SQFT
Neighborhood:
Lakehurst (LKH)
County:
Ocean
Area:
Lakehurst (LKH)
Property Description
Calling all Investors! Rare Opportunity to own this dynamite location on the border of Lakehurst and Toms River. This Gulf Station sits on 0.838 Acres and currently Grosses $132,000. Three Fiberglass Double-walled Tanks installed in 2010 (Owner also carries Tank Insurance). 1st Tank: 15,000 Gallons of Regular, 2nd Tank: 8,000 Gallons of Super, 3rd Tank: 8,000 Gallons of Diesel. Yearly Cap Rate is 7.2%. Building has 3 Garage Bays which is currently rented. Owner also does Propane Sales, U-Haul, and Truck Storage. There is also an opportunity to generate more income if you took advantage of the Tobacco License which is currently not being utilized. Seller is also open to Land Lease for the right opportunity
Exterior Features

Construction Siding BlockBrick Exterior Display WindowGas Pump(S)LightingOutside StorageOverhead DoorsPersonnel DoorSign Garage Yes Location Business DistrictComm DistrNear Busstop Lot Description Corner LotHighway FrontageLevelMajor Frntg Lot Dimensions 149 X 245 Material BlockBrickConcrete Parking Driveway On SiteOpenPaved Roof FlatShingled

Interior Features

Basement Slab Floors Concrete Heat AC Central AirWindow Unit(S) Heat Fuel Natural Gas Interior Auto Bay Water Heater Natural Gas

Property Features

Assessment Status To Be Assessed Assessment Total 0.00 Business Name Gulf Station Commercial Type Commercial Documents Available Survey Electric 3000.00 Electric1 220 Volt Gas On Site Gross Income 132000.00 Insurance Expense 6000.00 Landlord Pays ElectricityTaxes Lease No Operating Income 86976.00 Payroll 24000.00 Real Estate Tax Expense 12024.00 Sale Yes Sale Excludes Equipment/Furniture Sale Includes Business NameInventoryLicenseSigns Sewer Septic Tax Year 2021 Taxes 12024.00 Total Expenses 45024.00 Use OtherService Station Water Well Zoning Commercial

Listing information © 2022 Monmouth-Ocean MLS. Listing provided courtesy of Abram Covella of Re/Max Revolution: (732) 867-8617.


© 2022 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Caitlyn Mulligan with RE/MAX Revolution. Data last updated 2022-12-04T00:20:11.737.
 
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Caitlyn Mulligan with RE/MAX Revolution
2101 route 34, Suite B
Wall NJ, 07719