Property summary
This 4,712 sq ft gas station and convenience store in Crisfield, MD, presents a unique investment opportunity. Operating as a Gulf Gasoline franchise since 1990, it offers diesel, regular, and ethanol-free fuel. The property boasts a full-service convenience store with a carry-out option and the potential for a restaurant. Significant renovations were completed in 2016 and 2023, including a new roof, pumps, coolers, and kitchen upgrades. The 1.15-acre lot includes four commercial units, three currently leased at monthly rates of $695, $750, and $700, with one used as a dining area. The property benefits from its prime location as the first convenience store entering Crisfield, serving a growing economy and a large tourist population from nearby Janes Island State Park. Annual sales averaged over $1,500,000 pre-COVID, without selling alcohol, tobacco, or lottery products. Recent improvements include renovated underground tanks (100% compliant, iron with fiberglass coating) and a repaved parking lot. The PNG contract with Gulf runs through 12/31/2025, with an owner option to terminate. This turnkey operation offers substantial income potential and strong long-term prospects. The property is classified as Class B, with a single-story building and permitted commercial zoning.
Property profile
VerifiedCap rate & NOI
Current use
-
Gas Station
-
Grocery & Convenience Store
-
Pet Grooming Service
-
Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of I-1 zone is to provide for certain manufacturing, processing and warehousing activities as well as certain limited retail activities associated with the primary use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Crisfield, MDThe purpose of I-1 zone is to provide for certain manufacturing, processing and warehousing activities as well as certain limited retail activities associated with the primary use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of I-1 zone is to provide for certain manufacturing, processing and warehousing activities as well as certain limited retail activities associated with the primary use
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Crisfield, MD.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.