Approx. 8.2 Acres Directly on I95 / Certified Gas Tanks Until 2030 / Owner Financing Offered

Approx. 8.2 Acres Directly on I95 / Certified Gas Tanks Until 2030 / Owner Financing Offered
Listing ID: 1800535
January 25, 2018
Former gas station directly off of I-95 in Lynchburg. Underground gas tanks are certified until 2030 and canopy is in excellent shape. Property is one of two stations visible directly off of Interstate. Previous owner averaged eighty thousand gallons of sold fuel per month, fifty thousand average inside sales without hot food and had thirty-six lottery spaces. Also had an on-site ABC Store which had monthly net average of thirty-eight thousand dollars. Also included is the rear lot with five point thirty-five acres. This space would be great for a dealership, storage facility, warehousing, logistics center and many other uses.
Owner is willing to offer owner financing terms such as:
1.) $50,000 down at settlement.
2.) The balance would be owner-financed at 6.5% fixed interest rate.
3.) 10-year initial balloon based on a 20-year amortization schedule.
4.) A second 10-year balloon would be available if needed.
5.) First mortgage payment not due for 18-24 months after the settlement.
6.) Back acreage would be available for short-term lease at rate of current property taxes and agreement to maintain the acreage.
7.) Back lot can be set up for a long-term option purchase with similar owner financing terms.
For More Information Contact Mike Ferris at 843-655-4750
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