401 Upham St, Melrose, MA 02176-3430

This exceptional investment opportunity presents a well-established gas and service station located at 401 Upham St, Melrose, MA 02176. Operating profitably since 1929, this turnkey business boasts three gas pumps, two fully equipped service bays currently leased to a long-term tenant, and ample storage/parking. The property features a main office with a private bath, plus a public restroom. The building, constructed in 1924, sits on a 7,802 sq ft lot and is zoned SRB. Triple-walled steel fuel tanks (installed 1987, 5000 gal regular, 4000 gal regular, 6000 gal super) are equipped with sensors for safety and monitoring. The sale includes the assumption of the existing Gulf contract, subject to their approval. High profit margins per gallon, excellent street visibility, and a loyal customer base contribute to this business's consistent success. A clean environmental assessment is expected in November 2024. This is a rare chance to acquire a thriving, long-standing business with significant growth potential in a desirable location.