Are you thinking about getting into Florida commercial real estate? We don’t blame you! The market is rich and you could make your dreams of being a business owner come true at last.
To help you get there, browsing real estate property for sale isn’t the best way. While this can be inspiring, you’ll need a team behind you to help you succeed. Here at UNIQUE Florida Properties, we’re the real estate brokers for you. We’ll help you look into real estate investing, find commercial property for sale, and discuss the pros and cons of different real estate opportunities.
In today’s blog, we’re going to discuss what makes gas stations lucrative real estate opportunities, along with a few risk factors to evaluate when looking at gas stations for sale. If you’re interested in buying or leasing a gas station, then UNIQUE Florida Properties can help. Read below to learn more about gas stations for sale, and then contact us today to get started.
By either buying a gas station with a convenience store or by adding your own convenience store, you can increase the value of your commercial real estate and ensure long-lasting success. Some gasoline sales are only marginally profitable after credit card fees. Because of this, many gas stations make their money from sales in their convenience stores or by offering other services like a car wash.
Location, location, location.
When it comes to commercial real estate in general — and gas stations for sale specifically — location is important. For example, if you own the last gas station across from the airport, you can charge your customers at an above-market price in order to increase revenue. If your gas station is on a convenient corner, then you can increase the number of customers visiting your establishment, thereby increasing your sales.
There’s always a need for gas in vehicles, especially here in Florida where we have tourists traveling all over our state. Even with the allure of electronic vehicles on the horizon, it’s simply a fact that gas vehicles are still the most common form of transportation — and will be for some time. Because of this consistent market, finding a gas station for sale is a good real estate investment.
Risks To Keep In Mind When Buying A Gas Station
Here are three factors to consider when looking at real estate property for sale for a gas station:
- Location – Just as your location can be ideal, your location could also be a detriment to your business.
- Hands-on work – Running a gas station takes a lot of effort, and you’ll have to be a hands-on owner.
- The price of fuel – The price of fuel is largely out of your control so you can’t always count on consistent revenue.