Beacon Hill Gas Stations

When you're working with the neighborhoods of Boston, not every area has a huge population. The neighborhood of Beacon Hill, which is almost suburban, has a population that is only slightly higher than 10,000 individuals. This part of town is packed with Federal-style rowhouses, and it's known for its unique and beautiful architecture. This is also a fairly expensive place to live; properties here have a median value that's almost one million dollars. As a primarily residential neighborhood, you can bet that this area has a high number of commuters that travel throughout the city on a daily basis, which is why this particular area is an excellent one in which to invest in a gas station.

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Purchasing and Leasing Gas Stations

Service stations are excellent investments in major cities. Cities have a tendency to have extensive vehicle traffic and even in less densely-populated areas like Beacon Hill, you can expect brisk business at one of these business establishments. That being said, when you are investing in a service station, you are going to have two options for acquisition:

Leasing the Property from an Owner – If you make the decision to lease your service station, you won't have to think about paying a down payment, which can help you save capital for other needs. Additionally, purchasing a station requires great credit, and leasing neatly sidesteps this requirement. Also, leasing is a great option for just about any investor that's just thinking of purchasing a particular station; you can lease it for a few months and determine if the cash flow is worth it before an outright purchase.

It's important to note that there is less responsibility as well. Service stations can be temperamental; corporate stations or plain road work can absolutely ruin a privately-owned station, but leasing reduces the impact of these unexpected changes since you won't be nearly as invested in the property.

Purchasing it Outright – On the other hand, when you opt to buy, you're just going to love the freedom. Every decision at the station will be yours to make from the suppliers that you buy from to the weekly promotions that you offer your customers. You'll even be able to lease away the property when you want.

Also, once you've paid off the property, you can choose to outright sell it for a profit or lease it away. Both of these options will provide you with wealth and more than enough money on which to retire.

Buying a Service Station with a Convenience Store

Convenience stores and service stations go together so well that they are almost synonymous with each other. There is a great reason for this: gas sales can easily segue into convenience store sales because morning commuters will often come into an attached convenience store once they've filled up at the pump.

Once inside the store, these commuters will buy lottery tickets, coffee, snacks, or just the morning paper, and this is where you'll start to see your largest profits. Additionally, with one of these stores, you can also seize on foot traffic as well.

Reasons to Consider this Area for Your Investment

This neighborhood shines for opportunity due to the fact that its residents are so well off. A service station in the area should have no problem with clientele that are looking to travel on a regular basis for the daily commute and for leisure. Still, it helps to know the neighborhood's opportunities for this sort of business, which is where Boston City Properties can help you. We have extensive records of properties in the Beacon Hill area, so give us a call today at 617-247-1933.

Are you interested in buying or leasing a gas station in Boston’s charming Beacon Hill neighborhood? You may have heard about the great potential for easy profits that go along with owning such a station, or perhaps you are drawn to this industry because it tends to weather recessions and the like well. Whatever your reasons may be, securing a profitable station here is easier said than done. The neighborhood is exceedingly small, and real estate is at a premium. Boston City Properties is here to help, though, so keep reading to learn more.

About the Neighborhood

This well-known neighborhood covers only about one-sixth of a square mile of land, so its real estate offerings tend to be pretty limited. At the time of the 2010 U.S. Census, the neighborhood had a population of around 9,000, but thousands of more people stream through the area every day, so exposure to potential customers is high. Many bustling commercial roads extend through the neighborhood, and these are prime areas for finding profitable fuel stations.

What to Look For

Do you know how to identify a station that will deliver consistent profits? Some things to look for include:

• Size – As long as there are gas pumps, any station that you find should fill the bill, right? Not so fast. Fuel only accounts for a small percentage of a station’s profits. Stations with large marts or convenience stores have many more avenues for generating profits, so try to buy or lease one that has a fairly large retail space.
• Location – By simply being located in this bustling neighborhood, a gas station is pretty likely to succeed. Still, you’re more likely to enjoy steady, reliable profits by buying or leasing a station that is directly on a busy road. If possible, choose one that doesn’t face a lot of direct, immediate competition; if another station is located right across the street, you will be splitting local business with them.
• Appearance – Since the most successful fuel stations offer more than just gas pumps, it is crucial that they make customers feel safe, welcome and comfortable. Try to lease or buy a station that is already in good shape in this regard. It should have sturdy canopies over the pumps, a clean, brightly lit market and bright, easy-to-read signs. Effective branding can also help enormously in this regard, and you can implement that once you take possession of the station.

Considerations to Make

Buying a fuel station is complicated, and Boston City Properties can refer you to a commercial real estate agent in this neighborhood who can guide you through the process. In the meantime, here are some considerations to keep in mind when leasing or buying a station in the city:

• Financial records – You can be certain that whoever is selling or leasing a gas station will insist that the place generates strong, consistent sales. The only way to be sure of that, however, is by taking a good, hard look at the station’s financial records. Ask for at least two years’ worth, and have a qualified CPA look them over carefully.
• What’s included? – When a fuel station is put up for sale, its various components are sometimes sold separately. Don’t assume that the station that you’re considering will still have a car wash or other elements. Ask for clear information about what you will get when you take possession.
• Financing and lease options – Don’t wait until you’ve found a promising station to figure out how you will afford it. If you’re buying, try to line up financing ahead of time. If you are leasing, find out if you will be able to negotiate the terms of a new lease or if you will have to accept whatever lease terms were already in place. Legacy leases are fairly common, and it’s crucial to read them over carefully to avoid problems.
• Environmental problems – Don’t take the current owner’s word for it that there are no underlying environmental issues going on. If you’re buying the station, you will inherit whatever problems are underfoot. Fines for violating local, state and federal regulations are astronomical, so do your due diligence by having an environmental study performed before signing on the dotted line.

How Boston City Properties Can Help

Like most people who want to buy or lease gas stations in Beacon Hill, you probably have no idea about where to start. Luckily, you’ve arrived at the right place. Sign up on this page for instant, free access to Boston City Properties’ continually updated database of searchable MA commercial real estate listings. You can then easily check current availability for fuel stations for sale or for lease in this neighborhood and in neighborhoods around the city. We can also refer you to a local commercial real estate agent when you’re ready. For more information, give us a call today.

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