Koreatown Gas Station | Exceptional Owner-User Opportunity

Highlights:

• Generational Service-Station Opportunity – The Subject Property presents an exceptionally rare opportunity to purchase a gas station in urban Los Angeles/Koreatown neighborhood.
• Immediate Owner-User Potential – The property is operating under a month-month lease, which is cancelable by either Landlord or Tenant with 30-day notice. This allows for an operator/owner-user to simultaneously purchase the property and run the gas-station business.
• Major Tax and Depreciation Advantages – Tenants and operators can take advantage of existing E85 Fueling Infrastructure Grant Programs to off-set new equipment, tank, and dispensing costs. Also, gas stations qualify for accelerated depreciation tax benefits to enhance after-tax cash flow.
• Significant Rental Upside – With the month-month lease, investors can benefit from immediate potential to increase the rent to a market rate.
• Exceptional Corner Lot Location – The property is situated at the high traffic intersection of Olympic Blvd. and Crenshaw Blvd., centrally located at the gateway to Koreatown, Mid- Wilshire, Hancock Park, and other desirable Los Angeles neighborhoods.
• High Number of Pumps – There are currently ten (10) gas pumps on-site, allowing for many vehicles to access the property while simultaneously pumping fuel.
• Established Gas Station History with Recent Environmental Reports – The property has operated as a gas station since it was constructed in 1984 and has carried various flags, including Chevron and currently Eco Fuel.
• Exceptional Traffic and Street Frontage – Traffic counts at the intersection exceed 62,000 cars per day with 260+ feet of frontage between Crenshaw Blvd. and Olympic Blvd.
• Additional Land Available – The adjacent 7,500 sq. ft. lot is also available for purchase This would allow a larger reconfiguration of the station to potentially include a car wash, larger convenience store, auto service, or other uses (contact agents for details).
• Excellent Walkability and Dynamic Neighborhood Access – The property is within proximity to major commercial corridors, multiple new construction mixed-use complexes, and highly desirable housing markets.
• Dense Core Los Angeles Demographics – Subject Property is ideally situated in the heart of a dense, infill trade area featuring over 51,495 residents and average household incomes exceeding $99,462 within a 1-mile radius and over 570,406 residents and average household incomes exceeding $91,667 within a 3-mile radius.

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