$2,000,000

Est. payment -/mo

$2,400,000

16.7%

Est.Price: ?

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607 S Barranca AVE Covina, CA 91723

0.45 Acres Lot

SOLD DATE : 08/01/2024

Key Details

Sold Price $2,000,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV22046241

Sold Date 08/01/24

HOA Y/N No

Year Built 1966

Lot Size 0.446 Acres

Acres 0.4462

Property Description

We are PLEASE TO INTRODUCE THIS MAJOR BRAND STATION (BUSINESS ONLY) FOR SALE
ASKING PRICE: $2,500,000

LOCATED IN BEAUTIFUL CITY OF COVINA, AND SURROUNDED BY MANY APARTMENTS, SCHOOL AND SHOPPING CENTERS
NEAR FREEWAY LOCATION WITH BEER AND WINE LICENSE
1,320,000 GALLONS OF GASOLINE AND DIESEL SALES LAST YEAR AT 45CT MARGIN
STORE $23,000/MO PLUS $10,000 PER MONTH IN LOTTERY
CAR WASH 95% completed will be delivered 100% operating. Approved-85 PRE APPROVED.
RENT: $11,000 / PER YEAR 3% YEARLY INCREASE
18YEARS LEFT ON MASTER LEASE,
SUPPLY AGREEMENT UP FOR RENEWAL IN 8 YEARS
5 DISPENSERS 3 PLUS 1 AND ABOUT 2.200 SF STORE
OPEN 5AM - 11Pm /7 DAYS WITH ROOM TO EXTEND HOURS OF OPERATION TO INCREASE SALES VALUME
DOR MORE INFORMATION

PRINCIPALS ONLY