Back Bay Gas Stations

If you're looking to invest in a Boston neighborhood that has a healthy population of over 50,000 residents, then Back Bay is a great option. This popular Boston neighborhood is well situated on the water and also has easy access to many of the other neighborhoods throughout the city. Also, there are several key cultural locations in this part of town as well as several well-traversed roadways like Apple Boylston Street and Commonwealth Avenue. As a result, this is an optimal place in which to invest in commercial real estate, and if you're looking to make good money, the gas station market really stands out.

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Purchasing and Leasing Gas Stations

When you're in the market for a service station, you'll have two options: you can either opt to purchase or lease. Both of these options have pros and cons, so let's take a look at each in a more in-depth fashion:

• Purchasing the Service Station – There's more than a few benefits to owning your own service station. First, since you'll most likely be mortgaging the station, you'll probably be paying a fixed amount back to the banks. This is a great way to ensure that your budget is stable and that you won't have too many extra charges. Also, owning the station will also ensure that you have a precise fix on which suppliers you do business with. In fact, you simply will have much more control when you opt to purchase, and in most cases, aspects like weekly promotions and pump pricing will also fall under your decisions.
• Leasing the Service Station – On the other hand, leasing the station is also a great idea. Not only will leasing require less stellar credit, but you'll also have to pay less when you opt to lease. For example, if you're leasing from an owner, you'll never have to account for real estate taxes or insurance on the property, which can remove a sizeable portion of the stress. Additionally, since you don't own the property, you won't nearly be as invested in its success; if the station fails, you can opt to lease at another location.

Buying a Service Station with a Convenience Store

If you're going to make a profit, then you're going to need an add-on business or two. If you're purchasing the property, you can opt to lease out the space to an entrepreneur, but keep in mind that you won't really be making a profit from the gas sales, so you will definitely need an additional business.

These types of businesses can include auto repair shops, car washes, and auto parts shops, but if you're trying to make a definite profit, you should ensure that you have a convenience store. These stores are good money makers because they cater to the needs of motorists and on-foot customers as well. Many will want to grab a paper, a snack, or just a cup of coffee during their day, and a convenience store at a local gas station is an easy way to capitalize on this need. Also, as you sell gas, your customers will have to come into your store, which means that you'll have a higher chance to convert the gas sale into a snack or drink sale.

Reasons to Consider this Area for Your Investment

Back Bay is an area that has a lot of personality as well as a thriving populace of more than 50,000 individuals, so naturally, there's going to be a distinct need for gas. Opening a service station in the area is just a great way to make a profit, so when you're ready to consider the options in the area, give us a call at Boston City Properties at 617-247-1933, and we'll show you what's available.

Back Bay Gas Stations for Sale and Lease

As one of the busiest and most popular neighborhoods in Boston, Back Bay is a great place to own a business. If you’re looking for a business that offers great, reliable profits regardless of how the economy is doing, buying or leasing a gas station may be the way to go. Owning such a station in this neighborhood would be a major coup because competition is so fierce for these properties. Boston City Properties can help you to secure the perfect fuel station in this neighborhood, so read on to learn more.

About the Neighborhood

Best known for its tidy rows of elegant rowhouses, this neighborhood is one of the most prestigious in the city—and it’s also one of the most popular downtown. With a population of around 6,500 people and close proximity to vibrant downtown areas like the Financial District and Midtown, it is a terrific place to own a business in the city. Fuel stations in this neighborhood, which is covered by the 02115 zip code, tend to be busy around the clock and are therefore excellent options for investors.

What to Look For

Boston City Properties can refer you to a commercial real estate agent in this neighborhood who can help you to identify the best options for your investment needs. In the meantime, here are some things to look for when searching for fuel stations in this neighborhood:

• Appearance – Try to find a station that needs as little cosmetic work as possible, or be prepared to invest money into sprucing it up after finalizing your lease or purchase. Aim to have clear, bright signage; excellent lighting; large canopies to shield customers from rain and snow; and a bright, clean, welcoming interior.
• Location – With so many busy streets and commercial thoroughfares, this neighborhood is an optimal one in which to own a fuel station. Choose a station that is located just off of a major road or freeway. The fewer competing stations there are on the block, the better.
• Size – When it comes to fuel stations, the real profits typically come from the products that are sold inside the attached store. Therefore, buy a station with a nice, large market or convenience store. Avoid stations that just have small booths for attendants because these don’t tend to generate nearly as much money. Outside, select a station that comes with plenty of gas pumps; nothing scares people away like long lines at the pumps.

Considerations to Make

You can always contact Boston City Properties for a referral to a local commercial real estate agent who can guide you through the complicated process of buying or leasing a fuel station in Boston. For now, here are a few things to keep in mind:

• Lease and financing terms – Find out early on what the available financing or leasing options will be for the station. Keep in mind that a legacy lease may be in place, which means that you will essentially be locked into the same terms as the previous owner.
• Environmental problems – Nothing can ruin potential profits from owning a fuel station like running afoul of local, state or federal environmental laws. Have an environmental study performed before buying a station, or any underlying environmental issues will be your problem—and they will take a huge chunk out of any profits that you may enjoy.
• Financial records – Just because the previous owner says that the station generates reliable income doesn’t mean that it really does. Always ask for at least two years of financial documents, and have a qualified accountant look them over for you. You may balk at having to pay someone to do this now, but it could save you untold amounts of money in the future.
• What’s included? – You’re more likely to end up with a successful fuel station in this upscale Boston neighborhood when you’re able to offer as many extras to customers as possible. Just because a station includes certain features doesn’t mean that they will be included in the lease or sale. Early on, then, confirm exactly what you will be getting when you lease or buy the place. Ideally, you shouldn’t have to invest much more into the station once it is in your hands.

How Boston City Properties Can Help

If you’re in the market to buy or lease a Back Bay gas station, Boston City Properties is here to help. Sign up now to get instant, free, unlimited access to our continually updated database of searchable Massachusetts real estate listings. It includes up-to-the-second listings for fuel stations for sale and for lease in this neighborhood and in neighborhoods around the city. We also have connections with experienced commercial real estate experts in this area, so give us a call for a referral whenever you’re ready.

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gas stations