Marine Drive Chevron 402 Marine Dr 2,951 SF Retail Building Port Angeles, WA 98363 $1,800,000 ($609.96/SF)

Chevron-branded gas station and convenience store for sale in Port Angeles - real estate and the operating business convey together. Marine Drive Chevron is a 2,951 SF building on a 0.38-acre (16,756 SF) hard corner at Marine Drive and S. Valley Street, with 283 feet of frontage on Marine Drive and 134 feet on S. Valley. The site sits blocks from the US Highway 101 / SR-117 junction, the Port of Port Angeles, and the downtown waterfront. Offered at $1,500,000 for the real estate plus $300,000 for the business and goodwill, $1,800,000 total. Saleable inventory conveys separately at cost under a bill of sale.
IMPROVEMENTS: Four covered fuel positions under canopy plus four uncovered commercial truck fueling positions. Three 12,000-gallon underground storage tanks, operational. 1,705 SF convenience store with walk-in cold storage, beer and wine coolers, ATM, and full interior and exterior camera system. 314 SF commercial kitchen completed at the end of 2016 with hood, fire suppression, and utility sink. 782 SF shop and storage space at 12 foot clear with an 8 to 9 foot roll-up door. 150 SF manager's office. Roof resealed 2021; fuel dispensers replaced 2017-18.
UPSIDE: Reactivate the four commercial truck fueling positions, currently offline. Convert the 782 SF storage bay to expanded retail sales floor. Run a deli, hot food, or branded QSR program from the existing commercial kitchen. Ample unstriped surface area for additional parking or site reconfiguration. CA Commercial Arterial zoning permits retail, commercial service, office, lodging, and multifamily on a corner improved to only 18 percent site coverage against an 80 percent allowance.
Operating continuously as a fuel station on this corner since 1954. Flood Zone X (shaded). The Chevron-branded fuel supply agreement runs through December 2028 and is assignable to a qualified purchaser. The fuel supplier holds a right of first refusal; any accepted offer is subject to that right. A legacy environmental condition is under active remediation by a prior owner at that party's cost, with a No Further Action determination anticipated. Financial statements and the full diligence package are available to qualified buyers upon execution of a confidentiality agreement. Tours by appointment through the listing broker only.