Building Details

Year Built 1968

Listing Agency: PROPERTY NAVIGATORS LLC s***@gmail.com Show Phone

Listed By: STEPHEN FLOYD · License #0225269521 Show Phone

Source: Compass

Added: Jun 18, 2024 Changed: Aug 29 Last Checked: Aug 31 at 2:08AM

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Investment Insights

Based on property information with market context.

This commercial property combines a convenience store with a gas station and includes a hardware section in additional interior space. The fuel pumps and tanks are owned and convey with the sale, along with all inventory. A full basement adds usable area; the lower level was previously used as a tire shop. The building has brick exterior construction and was built in 1968.

The second floor contains 3 apartments with rental history. The property measures 43,560 square feet and includes ductless and forced-air systems. Additional interior areas support the existing retail operation and the multifamily component.

Key Highlights

• Convenience store and gas station with owned pumps and tanks
• All inventory conveys with the sale
• Second floor includes 3 apartments with rental history

Property Analytics

Current Use

Gas stations

Suggested Use

Top Pick Grocery & Convenience Store Big Box & Wholesale Store Butcher Auto Repair Shop Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 24088, VA

4,805

Population

2,115

Households

2.3

Avg Household Size

35

Median Age

18%

College-Educated

84%

High-School Grad

112.3 sq mi

ZIP Area

43

Density / Sq Mi

$39,905

Median Household Income

$23,428

Median Earnings

$658

Median Rent

$127,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Gas station - Operating convenience retail includes a hardware section, apartments, and owned fuel infrastructure.

Where is this gas station located?

The property is located at 14189 Franklin Street Ferrum, VA.

What is the asking price?

The asking price for this property is $1,199,900.

What are key features of this property?

This property features: Convenience store and gas station with owned pumps and tanks; All inventory conveys with the sale; Second floor includes 3 apartments with rental history