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Southgate Chevron 857 S 2nd Ave 2,738 SF Retail Building Walla Walla, WA 99362 $1,500,000 ($547.85/SF)

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INVESTMENT HIGHLIGHTS

  • Turnkey operation recently remodeled
  • 2024 frontage street $2.3M pavement restoration
  • Strong financials, sales performance and higher margins, especially for the submarket

EXECUTIVE SUMMARY

The offering is for the gas station & c-store business with the real estate property included. This gas station & convenience store underwent full & extensive remodel then stabilized in 2021 with very strong annual revenues and higher inside/outside margins, especially for the submarket. See Operating & Financials overview in the Data Room. This operation is turnkey and ready for a new operator, with competent staffing in place. Reach out to the listing agent for more information about this opportunity.
The land is 0.15 acres or 6,534 SF and the building is 2,738 SF built 1960 effective year 2021 with full redevelopment. Facilities include Type 1 Hood for a hot food program.
Across the street from Southgate Center market shopping center, with approx 10,000 vehicles per day traffic. The 2024 2nd Avenue Pavement Restoration $2.3M project construction was completed in Late Summer 2024. This was a mile-long preservation work on 2nd Avenue. The roadway was milled and overlayed from Birch Street to Howard Street. This restoration encourages increased usage with a smoother more even driving surface.
There is a Property Portfolio that includes option to purchase Mesa Washington convenience store with similar inside sales performance. Inquire with Listing Agent for details.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
2,738 SF
Building Class
C
Year Built/Renovated
1960/2021
Price
$1,500,000
Price Per SF
$547.85
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.15 AC
Zoning
COM1 - Commercial zoning
Parking
8 Spaces (2.92 Spaces per 1,000 SF Leased)
Frontage
85’ on S 2nd Avenue

AMENITIES

  • Banking
  • Corner Lot
  • Security System
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Monument Signage
  • Air Conditioning
  • Smoke Detector
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Black Rock Coffee Bar
Dutch Bros
Grocery Outlet
Banner Bank
Shari's Restaurant
Denny's
Starbucks
The YMCA
Jazzercise
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 360729428994
  • 360729420094
  • 360729420089
Land Assessment
$164,700
Improvements Assessment
$705,900
Total Assessment
$870,600
  • Listing ID: 35020586

  • Date on Market: 3/5/2025

  • Last Updated:

  • Address: 857 S 2nd Ave, Walla Walla, WA 99362

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