Gas Station with Functional Fuel
1141 University Blvd Jackson, MS 39204
1141 University Blvd, Jackson, MS, 39204
$249,000
For Sale
$249,000
Fuel tanks and pumps remain in place after a fire, with the store interior needing remodeling.
Property Size3,045 SF
Price / SF$81.77
Days on Market153
Property Features for 1141 University Blvd
General Information
- Standard status
- Active
- Size
- 3,045 SF
Listing agency
eXp Realty
(601) 316-4092
Listed by
Prakash Agrawal · License #S56997
(601) 316-4092
Source
Exprealty
Added: Feb 18 Updated: Jul 21 at 4:41AM Checked: Jul 21 at 4:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
This gas station property was impacted by a fire that fully burnt the store interior. The outside fuel tanks and pumps are still reported to be in good condition. The site could be reactivated as a gas station again along University Blvd, with the store portion requiring remodeling and build-out to restore operations.
The property is located at 1141 University Blvd in Jackson, MS. Because the existing retail/store area was damaged, the primary focus for use is bringing the interior back to service while retaining the functional fueling equipment that remains outdoors.
Interested parties should plan for interior rehabilitation to support renewed storefront and service operations, while evaluating the condition and performance of the tanks and pumps as they relate to ongoing fuel dispensing.
The property is located at 1141 University Blvd in Jackson, MS. Because the existing retail/store area was damaged, the primary focus for use is bringing the interior back to service while retaining the functional fueling equipment that remains outdoors.
Interested parties should plan for interior rehabilitation to support renewed storefront and service operations, while evaluating the condition and performance of the tanks and pumps as they relate to ongoing fuel dispensing.
Key Highlights
- Fuel tanks and pumps remain in place after a fire at the gas station.
- Store interior was burnt down and requires remodeling.
- Outside equipment appears to have survived the fire, including pumps and tanks.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.0k | $4.92 |
| − Vacancy | −$899 | −$0.30 |
| EGI | $14.1k | $4.62 |
| − OpEx | −$4.2k | −$1.39 |
| NOI | $9.9k | $3.24 |
3,045 SF · lease $4.92/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$483.5K
$423.1K – $564.1K
NOI $33,845 @ 7.0% cap · market cap 13.59%
Second Best
Retail
$431.2K
$377.3K – $503.0K
NOI $30,182 @ 7.0% cap · market cap 12.12%
Theoretical Best
Office A
$521.8K
$456.6K – $608.8K
NOI $36,525 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Fuel tanks and pumps remain in place after a fire, with the store interior needing remodeling.
Where is this gas station located?
The property is located at 1141 University Blvd Jackson, MS.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Fuel tanks and pumps remain in place after a fire at the gas station.; Store interior was burnt down and requires remodeling.; Outside equipment appears to have survived the fire, including pumps and tanks.
