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- LoopNet Team
860 Magellan
Tehachapi, CA 93561
Freeway Gas Station & Drive-thru Restaurant · Land For Sale
·
0.92 AC
INVESTMENT HIGHLIGHTS
- Freeway Visible Gas Station with Beer & Wine, Market & Drive-thru Restaurant Site next to Freeway On/OFF Ramp
- 10-Car Stacking Drive-thru Restaurant (2,000 SF) with 1,086 SF Patio
- Excellent Exposure – Visible from 58 Freeway with over 45k Cars/day
- Brand & Fuel commitments already from Chevron, 76 & Circle K or your choice
- Across from 2 Hotels (3rd Hotel in planning), Denny’s & Shell Gas Station
- Neighbors: Brand New Starbucks, Denny’s, Subway, Shell, US Post Office
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.92 AC |
| Property Subtype | Commercial | Cross Streets | Capital Hills Parkway |
| Proposed Use | |||
| Zoning | C3 - The Lot is approximately 40,074 SF situated on C3 Zoning. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.92 AC |
| Cross Streets | Capital Hills Parkway |
| Zoning | C3 - The Lot is approximately 40,074 SF situated on C3 Zoning. |
DESCRIPTION
PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION OFFERING SUMMARY: 860 Magellan Dr in the city of Tehachapi offers an investor a freeway visible gas station, market and drive-thru restaurant on a nearly 1 Acre site. All city permits have already been paid and the site is fully approved to start construction immediately. Chevron, 76 & Circle K have already offered lucrative branding & fueling contracts or you could choose your own. Located 1 block from the 58 freeway on/off ramp the property offers freeway visibility and excellent exposure. Rapidly developing area with a brand new Starbucks, Home Depot, Tractor Supply Co, Adventist Hospital and 2 Hotels (80% nightly occupancy) all having recently opened. A 3rd Hotel is already in planning & Adventist Hospital is expanding with a new Outpatient Pavilion. The project will include 10 fueling stations, a 3,130 SF market, which will include Beer & Wine, and a 2,000 SF restaurant with a 10-car stacking drive-thru lane and 1,086 SF patio. DEMOGRAPHICS: The area has seen rapid growth with over 9% population and housing growth in the last 10 years. The average household income was estimated at $86,000 within a 2-mile radius. SALES PRICE: $2,400,000
