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1617 N Chester St
Gastonia, NC 28052
Exxon Gas Station & Food Mart (RE & OPS) · Retail Property For Sale


EXECUTIVE SUMMARY
The Exxon Gas Station and Ganesha Food Mart located at 1617 N Chester Street in Gastonia, North Carolina, presents a rare opportunity to acquire a high-performing, fee-simple fuel and convenience retail asset within the growing Charlotte metropolitan area. The property is positioned along a busy commercial corridor just off Interstate 85, providing exceptional visibility and access for both local commuter and highway traffic. This strategic location offers direct connectivity to downtown Gastonia and the greater Charlotte MSA, one of the fastest-growing economic regions in the Southeast.
The site includes one acre of land improved with a 3,576 SF convenience store building, canopy, underground storage tanks, and six recently updated multi- product dispensers providing twelve fueling positions. Operating under the Exxon fuel brand and managed as Ganesha Food Mart, the business benefits from consistent customer traffic, a strong fuel supplier relationship, and a loyal local clientele.
Over the past three years, the station has maintained stable revenue and cash flow performance. Average annual gross sales were approximately $2.89 million, with average owner-adjusted cash flow (Seller’s Discretionary Earnings) of about $313,000. The total asking price of $2,750,000 includes the real estate, business operations, improvements, and an inventory adjustment at cost, offering investors a turnkey acquisition. The asset is priced below replacement cost, offering strong underlying real estate value and upside for both owner-operators and investors seeking a stabilized cash-flowing asset with long-term appreciation potential.
Situated within the expanding Charlotte–Gastonia–Concord market, this property combines the security of fee-simple ownership with the profitability of an established fuel and convenience operation. It represents an ideal opportunity for a buyer looking for steady income, brand stability, and strong regional growth fundamentals in a proven retail fuel location.
In Association with ParaSell, Inc., A Licensed North Carolina Broker #C32060
The site includes one acre of land improved with a 3,576 SF convenience store building, canopy, underground storage tanks, and six recently updated multi- product dispensers providing twelve fueling positions. Operating under the Exxon fuel brand and managed as Ganesha Food Mart, the business benefits from consistent customer traffic, a strong fuel supplier relationship, and a loyal local clientele.
Over the past three years, the station has maintained stable revenue and cash flow performance. Average annual gross sales were approximately $2.89 million, with average owner-adjusted cash flow (Seller’s Discretionary Earnings) of about $313,000. The total asking price of $2,750,000 includes the real estate, business operations, improvements, and an inventory adjustment at cost, offering investors a turnkey acquisition. The asset is priced below replacement cost, offering strong underlying real estate value and upside for both owner-operators and investors seeking a stabilized cash-flowing asset with long-term appreciation potential.
Situated within the expanding Charlotte–Gastonia–Concord market, this property combines the security of fee-simple ownership with the profitability of an established fuel and convenience operation. It represents an ideal opportunity for a buyer looking for steady income, brand stability, and strong regional growth fundamentals in a proven retail fuel location.
In Association with ParaSell, Inc., A Licensed North Carolina Broker #C32060
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
3,496 SF
Building Class
B
Year Built/Renovated
1980/2021
Price
$2,750,000
Price Per SF
$786.61
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
MRKT1
PROPERTY TAXES
| Parcel Number | 100050 | Improvements Assessment | $222,640 |
| Land Assessment | $121,970 | Total Assessment | $344,610 |
PROPERTY TAXES
Parcel Number
100050
Land Assessment
$121,970
Improvements Assessment
$222,640
Total Assessment
$344,610
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