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    OFF-MARKET
    Gas stations

    390 Smith Rdg Rd, South Salem, NY 10590-2325

    1,399 SF 2.1 ac lot Built 1922
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US63-1077027
    Property summary
    AI-generated overview

    This exceptional owner-user opportunity presents a thriving Sunoco gas station ideally situated in South Salem, NY, at 390 Smith Ridge Rd, zip code 10590. The property boasts a convenient location on the border of Pound Ridge and New Canaan, CT, ensuring a consistent flow of customers from both local residents and commuters. The single-story, Class B building encompasses 3,078 square feet on a 2.1-acre lot. Four gas pumps facilitate efficient service, minimizing wait times. The station features three service bays equipped with modern tools for comprehensive automotive maintenance and repair services, ranging from routine oil changes to more complex repairs. This established business benefits from its proximity to major commuting routes and affluent neighboring communities, offering significant potential for increased revenue through expanded services or premium product offerings. The property's strong performance and strategic location make it an attractive investment for an owner-operator seeking a well-established and profitable business. This is a single-tenancy operation. The property is classified as retail.

    Property profile
    Verified
    Property type Gas stations
    Use group GAS STATION
    Year built 1922
    Total area 1,399 SF
    Lot 2.1 ac (91,476 SF)
    Zoning code GB
    APN 553000 09827-024-049B
    UPID US63-1077027
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sunoco Gas Station Gas Station
    • 123 AUTO REPAIR INC. Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    390 Smith Ridge Rd INC · 7 yrs held
    390 Smith Ridge Rd INC
    since 2018
    5 recorded transactions
    2018
    2018
    $800,000
    2005
    $586,000
    1969
    1969
    Zoning & alternative use
    GB · South Salem, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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