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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)



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.
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
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
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)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $705,900 | |
| Land Assessment | $164,700 | Total Assessment | $870,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$164,700
Improvements Assessment
$705,900
Total Assessment
$870,600
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Southgate Chevron | 857 S 2nd Ave
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