Profitable Gas Station For Sale

400 Bi-State Blvd, Delmar, MD

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For Sale

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Gas station with carwash, laundromat, and deli; passive income.

Type:RETAIL

Property size:

3,996 SF

Lot size:

1.26 Acres

Price / SF:

$300/SF

HighLights

High Gross Monthly Income: Property grosses $40,000 - $60,000 per month with seasonal variation.
Business and Real Estate Included: Sale encompasses both the business operations and the physical property.
Flexible Lease Options: Existing leases for the deli, carwash, and laundromat can either be terminated upon sale or remain in place.
Potential for Passive Income: Opportunity to lease the market for $3,500 per month, creating a passive income stream.
No Fuel Contract: New owner has the freedom to choose any fuel provider.
Recent Upgrades: Phase 2 completed less than 2 years ago, with new pumps, lines, and diesel added.

We can help!

Listing Contact

Allison Conick

Learn more

For Sale

Contact for pricing

Gas station with carwash, laundromat, and deli; passive income.

Type:RETAIL

Property size:

3,996 SF

Lot size:

1.26 Acres

Price / SF:

$300/SF

Added:: Feb 13, 2025
Days on Market:: 482
Last Refresh:: May 20 at 9:36 pm

Property Features for 400 Bi-State Blvd

General Information

Standard status: Active
Size: 3,996 SF
Lot size: 1.26 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Allison Conick

Listing agent Allison Conick License #36569

Listing office SVN - Miller | Salisbury

Listing date Feb 13, 2025

Source Moodyscre

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 SVN - Miller | Salisbury

HighLights

High Gross Monthly Income: Property grosses $40,000 - $60,000 per month with seasonal variation.
Business and Real Estate Included: Sale encompasses both the business operations and the physical property.
Flexible Lease Options: Existing leases for the deli, carwash, and laundromat can either be terminated upon sale or remain in place.
Potential for Passive Income: Opportunity to lease the market for $3,500 per month, creating a passive income stream.
No Fuel Contract: New owner has the freedom to choose any fuel provider.
Recent Upgrades: Phase 2 completed less than 2 years ago, with new pumps, lines, and diesel added.

Overview

This property includes both the business and real estate. The property grosses between $40,000 and $60,000 per month, with seasonal variations. Fuel sales account for $20,000 to $30,000 of the monthly gross. A Phase 2 assessment was completed less than two years ago. The property features fiberglass tanks installed in 1996, which are tested yearly. New pumps, new lines, and new diesel have been added. There is no fuel contract currently in place, allowing the new owner to choose their preferred provider. The deli is currently leased at $1,500 per month on a year-to-year basis. The carwash and laundromat are leased at $1,854 per month for a 5-year term. These leases can be terminated upon sale or remain in place. An interested party is considering leasing the market for $3,500. The property could be owner-operated or purchased for passive income with a tenant in place. The property size is 3,996 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$135.7k	$33.96
− Vacancy	−$15.4k	−$3.85
EGI	$120.3k	$30.11
− OpEx	−$36.1k	−$9.03
NOI	$84.2k	$21.08

3,996 SF · lease $33.96/SF/yr · vacancy 11.34% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,221 @ 7.0% cap · market cap 7.02%

Second Best

Specialty Retail

$981.3K

$858.6K – $1.14M (±1% cap)

NOI $68,691 @ 7.0% cap · market cap 5.72%

Theoretical Best

Office A

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,848 @ 7.0% cap · market cap 8.15%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Gas stations

Map

City: Delmar
County: Wicomico
State: Maryland
Longitude: -75.5774
Latitude: 38.4559

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For sale
Gas stations
MD
Delmar
400 Bi-State Blvd

What type of property is this?

Gas station - Gas station with carwash, laundromat, and deli; passive income.

Where is this gas station located?

The property is located at 400 Bi-State Blvd Delmar, MD.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: High Gross Monthly Income: Property grosses **$40,000 - $60,000 per month** with seasonal variation.; Business and Real Estate Included: Sale encompasses both the business operations and the physical property.; Flexible Lease Options: Existing leases for the deli, carwash, and laundromat can either be terminated upon sale or remain in place.

400 Bi-State Blvd, Delmar, MD

Gas station with carwash, laundromat, and deli; passive income.

Property Features for 400 Bi-State Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Map

Nearby Similar for Sale

Delmar Duplex: Investment Opportunity

New Flex Space on Land

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