For Sale
$2,250,000

709 Broad StBrooksville, FL 34601

Prime gas station, vacant, high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
114
This 2,032 sq ft gas station in Brooksville, FL, is a value-add opportunity. Located on a 0.52-acre lot, the property features four gas pumps under a single canopy and ample parking. Built in 1957 and renovated in 2022, this single-story, masonry building boasts a brick exterior and rubber roof. Currently vacant, it's fully equipped for immediate operation. The property benefits from its location near major transportation routes, including US Route 41 and the Suncoast Parkway, providing easy access to Tampa and Orlando. Significant residential developments nearby are driving increased demand for retail services in the area. The asking price is $2,250,000, with an assumable loan at 6.08% interest, maturing in 2031, and seller financing available. The absence of a fuel agreement allows for maximizing profit potential by choosing a preferred fuel supplier. The high daily traffic count of over 30,000 vehicles and proximity to major retailers ensures consistent customer flow. This presents a strong investment opportunity in a growing market with favorable tax conditions. The property's location within a rapidly growing area, combined with the potential for increased profitability through operational improvements, makes this a compelling investment prospect. The strong rental market and attractive demographics further enhance the long-term value of this asset.

Highlights

  • Assumable loan at 6.08% interest, maturing in 2031, with seller financing available.
  • No existing fuel agreement; allows for selection of preferred fuel supplier.
  • High-traffic location on US Highway 41 and Ponce de Leon Blvd, with over 30,000 vehicles daily, near major retailers (Family Dollar, Dollar General, McDonald's, Publix).
  • Situated in a high-traffic retail corridor in Brooksville, within the Tampa-St. Petersburg-Clearwater MSA, near other national brands (7-Eleven, Checkers, Wendy's, Wawa, Winn Dixie).
  • Strong demographics: Over 24,000 residents within a 5-mile radius, average household income over $43,000, and 8% annual population growth in Brooksville.
  • Florida's no-income-tax environment and potential for accelerated depreciation offer significant tax advantages.

Property Details for 709 Broad St

Property type
Retail properties, Gas stations
Square Feet
2,032 SF
Class
B
Year Built/Renovated
1957/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
22,651 SF

Location Insight

City
Brooksville
County
Hernando
State
Florida
Latitude
28.5514166
Longitude
-82.3966378
709 Broad St, Brooksville, Florida

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709 Broad St
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