Property Description
An excellent opportunity to purchase this existing gas station and market combo. It is located at one of the busiest intersections in the city of Madera. This business was re-imaged in July of 2015 with a new digital monument pricing sign, all new canopy with LED lighting, and new hardware and imaging on the pumps. This station has 1 island, 2 dispensers(accommodates 4 vehicles) and is fully ADA compliant. Station has a Hirt Burner EVR-2 which is an enhanced vapor recovery system. There are 3 underground storage tanks, (2)10,000 gal (87&91) and (1)6,000 gal (diesel). Parking lot has been newly repaved, and the market boasts a new roof, plus high efficiency LED lighting inside and out. Market has 2 year old Gilbarco POS system with chip enabled pin pad for debit/credit card transactions. Subleased mini-restaurant w/own utilities. A great chance to own an excellent business in a favorable area w/easy access to Hwy 99 and less than a mile from the newly proposed high school to be built.Quick Summary
- Property Type: Retail
- Neighborhood:638
- Year Built:1988
- Square Footage:3300.00
- Lot Size: 32670.00 SqFt (0.75 acres)
- Baths:0.00 ()
- MLS:Fresno
- Listing Broker:Juan Reyes
- Listing Office:Citylights Property Group
Overview
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General Amenities
- Solar
- Tennis Court
Financing
A government loan program geared towards owner-occupied, first-time home buyers. Down payment can be as low as 3.5%. However, the buyer will have to pay the PMI (Principal Mortgage Insurance).
Down payment can be as low as 5%. For down payments lower than 20%, the buyer will have to pay PMI (Principal Mortgage Insurance). If the down payment is 20% or more, there will be no PMI charged to the buyer. When purchasing an owner-occupied property, interest rates may be lower as compared to purchasing an investment property. The limit for a conventional loan in Fresno County is $453,000. Loan limits are subject to change.
A loan above the conventional loan limit is considered a jumbo loan.
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