20757 Lk Chabot Rd Castro Valley, CA 94546-5405
- Retail space
- 2,100 SF
- 0.25 lot acres
Nov 21, 2022
Current Use by Public Records
- Retail space
Property Details for 20757 Lk Chabot Rd
- Year built
- 1978
- Construction
- WOOD
- Lot size
- 0.25 lot acres
- Property size
- 2,100 SF
- Property type
- Retail space
- APN
- 84A-181-56-2
- APU
- 84A181562
Description
This exceptional opportunity presents the acquisition of a well-established convenience store and gas station franchise in the thriving Castro Valley, California market. Located at 20757 Lake Chabot Rd, 94546, this business enjoys a prime location with high traffic counts, surrounded by a mix of commercial, industrial, and retail businesses. The current operation is structured as a percentage sub-lease, generating revenue streams from various sources. These include a percentage of gas sales (averaging 90,000 gallons per month), a share of lottery ticket sales, and substantial income derived from a full off-site ABC license for the sale of beer, wine, and liquor. The franchisee's responsibilities are limited to store inventory management; all gas station equipment is owned and maintained by the parent company, eliminating environmental compliance and equipment maintenance burdens. The property owner is open to offers for the purchase of the underlying real estate in addition to the business itself. This turnkey operation offers a compelling investment opportunity with significant potential for growth and profitability in a desirable location. The business is ready for immediate operation and presents a rare chance to acquire a profitable, established enterprise.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,415,000
- ML approach
- $1,410,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $881,000
Market price range: $294k - $882k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $890,000
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Location Insight
- Map
- Local Demand
- City
- Castro Valley
- County
- Alameda
- State
- California
- Longitude
- -122.087
- Latitude
- 37.6947
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA