4 Chestnut StJefferson, OH 44047

Property Details for 4 Chestnut St

Year built

1968

Lot size

0.70 AC

Property size (Sq ft)

1,200 SF

Property type

Gas stations

APN

26-034-00-022-00

APU

260340002200

Description

This owner-user gas station and convenience store presents a compelling investment opportunity in Jefferson, Ohio. Located on a prime signalized corner at 4 South Chestnut Street, the property boasts exceptional visibility and high traffic counts, averaging over 7,000 vehicles daily. The 1,200 square foot building sits on a spacious 1.01-acre lot, offering significant potential for expansion into a larger convenience store to increase revenue streams. The property benefits from dual street access, maximizing exposure to potential customers. The existing BP branding provides immediate name recognition and market presence. The current fuel contract with Cross America Partners has less than three years remaining, presenting a strategic opportunity for renegotiation or rebranding. The property includes a 10,000-gallon underground storage tank constructed of double-walled fiberglass. Financial records (2023 register tape) are available for qualified buyers. This turnkey operation offers a strong value-add investment for an experienced operator seeking to expand their portfolio within the growing Cleveland MSA. The property's 100% occupancy ensures immediate cash flow. The asking price is $575,000, translating to $479.17 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $317,343

  6.5%

  $292,932

  7%

  $272,009

• Comparable approach

  Method

  Valuation

  Relative Method

  $282,865

  Geo Method

  $282,865

• Alternative Use

  Use

  Valuation

  Residential

  $247,099

  Hospitality

  $226,342

  Educational

  $188,314

  Medical

  $194,790

  Retail

  $292,932

Location Insight

City

Jefferson

County

Ashtabula

State

Ohio

Latitude

41.7378

Longitude

-80.7698

CBSA code

11780

CBSA name

ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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