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870 Preston Rd Martinsville, VA 24112

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Sponsored
For Sale
$800,000

Prime Real Estate & High-Cash-Flow Business in Martinsville, VA

Property size:
4,000 SF

Property Features for 870 Preston Rd

General Information

Property type
Gas stations
Square Feet
4,000 SF
Class
C
Total Parking Spaces
10

Building Details

Year Renovated
2023

Overview

Martinsville, VA Gas Station Business

Located right off the US-58 and US-220 Business interchange in Martinsville, VA, this Marathon-branded gas station and convenience store represents a premium investment opportunity. The sale includes a ready-to-activate auto service garage and a high-potential food service operation. The convenience store currently generates approximately $50,000 per month in inside sales, with pizza sales contributing $10,000 per month. Fuel volume is around 20,000 gallons per month, with a strong margin of $0.20 per gallon. Additional income streams include ATM commissions of $300 per month and lottery commissions of $700 per month. A significant upside exists with the potential to reactivate machine income (games/vending), which has a proven history of generating $20,000 per month. The integrated auto service garage, featuring a dedicated 1-bay space with an underground oil change ramp, is ready for immediate activation for quick lube, state inspections, and minor repairs. The kitchen is fully equipped, and the deli section can be relaunched to potentially generate an additional $10,000 per month, boosting total food service revenue to approximately $20,000 per month. The gas company covers all maintenance for the gas pumps and the register system, reducing operational costs for the owner. The property size is 4000 square feet.

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Current Use by Public Records

Hunt Brothers Pizza Restaurant Marathon Gas Gas Station J & H Market Grocery & Convenience Store

Suggested Use

Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Grocery & Convenience Store Food Market Discount Store

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

Location Insight

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  • Local Demand
City
Martinsville
State
Virginia
Longitude
-79.9587255
Latitude
36.6381844

FAQs

What type of property is this?
Gas station - Prime Real Estate & High-Cash-Flow Business in Martinsville, VA
Where is this gas station located?
The property is located at 870 Preston Rd Martinsville, VA.
What is the asking price?
The asking price for this property is $800,000.
More about this property
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