6324 Market St Greensboro, NC 27409-1840
- Retail space
- 3,078 SF
- 0.54 lot acres
May 10, 2024
Current Use by Public Records
- Western Union / Money Transfer Service
- Amazon Hub Locker - Tomatoes / Mailing Service / E-Commerce Service
- Arthur's Place / Restaurant
- Krispy Krunchy Chicken / Chicken Restaurant
- Alex Food Mart / Gas Station
Property Details for 6324 Market St
- Year built
- 1986
- Construction
- FRAME
- Lot size
- 0.54 lot acres
- Property size
- 3,078 SF
- Zone code
- C-M
- Property type
- Retail space
- APN
- 74712
- APU
- 74712
Description
This thriving Citgo Express Mart, located at 6324 W Market St in Greensboro, NC, presents a compelling investment opportunity. The 3,078 square foot property, built in 1986 and extensively renovated in 2024, boasts five gas pumps and sits on a highly visible lot in a prime location near the airport. The business consistently generates strong sales figures, including approximately $71,000 in monthly inside sales, a substantial gas volume ranging from 25,000 to 35,000 gallons per month, and impressive lottery sales averaging $68,000 per month (with historical highs reaching $80,000). Additional revenue streams include non-ethanol fuel sales (500 gallons/month), diesel sales (1,000 gallons/month with a 70-cent margin), a Bitcoin ATM ($300/month), and a standard ATM ($800/month). The gas contract is structured as rack plus 2 cents, with gas margins between 35 and 40 cents per gallon. The property is zoned C and features a high-margin deli, contributing significantly to the overall profitability. The asking price is $1,700,000, plus inventory estimated at $125,000. This turnkey operation offers a rare opportunity to acquire a well-established and profitable business with significant growth potential. The recent renovations ensure a modern and efficient operation, ready for immediate success.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,045,000
- ML approach
- $1,045,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $631,000
Market price range: $343k - $1.22M
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Location Insight
- Map
- Local Demand
- City
- Greensboro
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.9125
- Latitude
- 36.0759
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA