Former Gas Station Retail
922 Drinker Tpke Covington Township, PA 18444
For Sale
$795,000
Three-unit building offers a former gas station/retail setup plus two additional retail units on a 1.7-acre site.
Property Size6,000 SF
Lot Size1.70 Acres
Price / SF$132.50
Days on Market742
Property Features for 922 Drinker Tpke
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 1.70 Acres
Listing Agency:
TACM Commerical Realty Inc.
(570) 460-2335
Listed By:
Daniel Lichty · License #RS323839
(570) 460-2335
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 23
Last Checked: Jul 25 at 11:44AM
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 TACM Commerical Realty Inc.
Investment Insights
Based on property information with market context.
This 6,000 SF, three-unit building was formerly operated as a gas station/convenience store and includes two additional retail units. The property includes Phase I and Phase II environmental work completed, with Act 2 clearance in place. Underground tanks remain in the ground and would need replacement if the site is to continue gas station use.
The property is located on a busy section of Route 435 in Moscow, PA, directly across from the entrance to the Shoprite Shopping Plaza, which includes Ace Hardware and Dunkin among other retail stores.
The asset is offered for sale and is configured to support multiple retail operations within a single site.
The property is located on a busy section of Route 435 in Moscow, PA, directly across from the entrance to the Shoprite Shopping Plaza, which includes Ace Hardware and Dunkin among other retail stores.
The asset is offered for sale and is configured to support multiple retail operations within a single site.
Key Highlights
- 6,000 SF 3‑unit building with a former gas station/convenience store plus 2 additional retail units
- 1.7‑acre site on a busy section of Route 435 in Moscow, PA
- Located directly across from the entrance to the Shoprite Shopping Plaza (includes Ace Hardware, Dunkin, and other retail stores)
Financial Insights For Specialty Retail
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 | $90.0k | $15.00 |
| − Vacancy | −$3.8k | −$0.63 |
| EGI | $86.2k | $14.37 |
| − OpEx | −$21.6k | −$3.59 |
| NOI | $64.7k | $10.78 |
6,000 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$923.8K
$808.3K – $1.08M
NOI $64,665 @ 7.0% cap · market cap 8.13%
Second Best
Retail
$805.5K
$704.8K – $939.8K
NOI $56,385 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,604 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
FAQs
What type of property is this?
Gas station - Three-unit building offers a former gas station/retail setup plus two additional retail units on a 1.7-acre site.
Where is this gas station located?
The property is located at 922 Drinker Tpke Covington Township, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 6,000 SF 3‑unit building with a former gas station/convenience store plus 2 additional retail units; 1.7‑acre site on a busy section of Route 435 in Moscow, PA; Located directly across from the entrance to the Shoprite Shopping Plaza (includes Ace Hardware, Dunkin, and other retail stores)
