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Kirk F MacKenzie
1501 Shovel-Ready Gas Station Development
$1,550,000

This is a 37,500+ SF corner lot located in a rapidly growing part of Solano County. Within a short distance, 8,500+ new homes and a new regional transportation facility have been approved as part of a larger area-wide development plan. The site has been planned for development as a gas station with 8 dispensers and 2800+SF mart. Planning and drawings are complete; the streets widened; and the curbs, gutters, and sidewalks installed. Seller estimates the project could be completed in as little as 7 months. The Buyer can purchase the land and take over the project for $1.55M. Or the Seller is willing to help the Buyer obtain financing and oversee completion of the project. In this case, financing has been committed for $2.6-2.8M, leaving $900,000 cash down payment required of the Buyer. Seller is willing to sell 50% ownership now for $450,000 down and the remaining 50% for an additional $450,000 upon completion of construction, the remainder of the purchase price coming from the loan. Buyer must have extensive industry experience, a successful track record, the full down payment, and be prepared to move forward now. Call to schedule a meeting to discuss this opportunity in greater deal. NDA required.

Disclaimer: This information has been provided by the Seller and is SUBJECT TO UPDATE WITHOUT NOTICE. Broker and agent do not verify information, expressly disclaim any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Any agreement or decision by a buyer to pursue this business should be based on the Buyer's own due diligence, and buyers are encouraged to seek professional assistance as required.
2010-07-29 07:53am PDT