Financial District Gas Stations

The Financial District, which is located in downtown Boston, is a great place to invest because it is one of the busiest parts of the city. Though the residential population may not be as large as some of the nearby communities, this is an area that is densely populated with businesses. With so many businesses located in this part of the city, the traffic that traverses the streets here will need a place to fill up their tank, which is why investing in a service station in the area can be quite profitable.

Click Here to Search

gas stations

Purchasing and Leasing Gas Stations

One of the biggest decisions that you are going to need to make regarding your investment property is whether you are ready to jump into purchasing the property that you are interested in or you prefer to lease it for a period of time first. Both options can be great for an investor, so you will need to consider the benefits of both in order to decide which one fits your investment needs best.

• Leasing the Property – This is an option that allows you to see the big picture before putting a lot of money into the property. You will be able to see the traffic in the area and the number of customers that the location sees on a daily basis. During the lease period, you will not need to worry about maintaining the grounds, repairing the equipment, or upgrading the property. All of this falls on the shoulders of the owner and having a period of time where you lease the property allows you to fully inspect the property to make sure that the underground tanks and canopy are up to par.
• Purchasing the Property – With this option, you will have the freedom to do anything that you want with the property. As long as you have an independently run station, you will be able to choose your supplier, your promotions, and any expansions that you want to make on the property. Once you expand, you will need to decide whether you want to run the new portion of the station or lease it out to another business owner. A great expansion to lease is a repair shop so that you do not need to hire automotive technicians to repair the cars.

Buying a Service Station with a Convenience Store

When you purchase a service station, you are going to find out that selling gas alone is not all that profitable, but when you add expansions onto the property, you can profit more because of the additional sales that you can make. A convenience store is a great addition to consider, especially when you are in a busy area. You can have hot coffee, pastries, and snacks for customers who come in during the morning rush. If you have the space in your convenience store, a grill will be a great addition that you can use to make food for the lunch crowd. Make sure to have a wide range of snacks and drinks so that more customers will be encouraged to make a purchase.

Reasons to Consider this Area for Your Investment

There are not defined neighborhoods in the financial district that you can consider, but this is quite a large area of businesses, which can be great for your business investment. Both Interstate 90 and 93 are close to this area of Massachusetts, which means that individuals traveling to the area for business or pleasure may wish to stop by your service station as well, especially if it is easy to reach from the road. For information about the listings in the area call Boston City Properties today at 617-247-1933.

If you are seeking to buy or lease a gas station in Boston’s Financial District, do yourself a favor and sign up with Boston City Properties. When you do so by completing the easy signup form, you will get free, instant, unlimited access to our searchable Massachusetts commercial real estate listings. It is the easiest way to check current availability for these types of properties in this neighborhood and in communities around the city and state. We also have skilled commercial real estate agents covering this area, and we can refer you to one when you’re ready.

About the Neighborhood

Every day, thousands of commuters pour into downtown Boston to get to work at one of its many soaring office towers. Much of the city’s best Class A office space is located in this neighborhood, so this is a prime area for investors who are looking to buy or lease fuel stations. Not surprisingly, however, competition for stations that hit the market tends to be fierce. With access to our listings, you can rest assured of receiving timely, accurate information; with a referral to a local agent, you’ll have the help that you need to sail through the process.

What to Look For

Do you know how to identify fuel stations that will generate consistent, strong sales and profits? The agent that we refer you to can help enormously in that regard. For now, here are some pointers about what to look for when leasing or purchasing a fuel station in this downtown neighborhood:

• Location – As with so many types of businesses, location plays a crucial role in the long-term success or failure of a fuel station. Ideally, the station that you acquire should be on a route that is popular with commuters. If possible, find one that isn’t subject to too much nearby competition.
• Size – Land is scarce in this densely packed part of the city, so fuel stations are necessarily compact. However, do your best to find a station that includes a decent-sized convenience store or market. That is where you will generate much of your profits.
• Appearance – If you think that the aesthetics of a fuel station aren’t too important, think again. If stations truly were strictly for refueling vehicles, it might not matter as much. In the city, however, many locals rely on the attached convenience stores for staples and other necessities. They expect a clean, welcoming environment, and they will take their business elsewhere if they don’t find it.

Considerations to Make

Many factors must be taken into consideration before leasing or buying a fuel station in Boston. While your agent can help you to navigate through the process, it helps to have a basic understanding yourself. A few considerations to keep in mind include:

• What’s included? – There are upsides and downsides to owning both the land and building or to owning just the building. Decide which setup works for you, and make sure that properties that you consider meet those requirements.
• Environmental issues – Fuel stations must adhere to a dizzying array of local, state and federal environmental standards. Without being careful, you could end up with a station that harbors serious underlying issues, and these issues could cost you thousands of dollars in fines and repairs. Therefore, always have an environmental survey performed before committing to anything.
• Financial records – Owning or leasing a fuel station downtown doesn’t automatically guarantee that you will enjoy high sales and profits. It is crucial to obtain at least two years’ worth of financial records and documents to gain a clear picture of how the business has performed historically. Such documents can be quite confusing to laypeople, and it pays to hire a skilled accountant or CPA to analyze them on your behalf. They can then give you a clearer idea about whether the station is worth your time or not.
• Lease and financing options – Given the high competition for stations that hit the market, it is essential to have your finances in order before shopping around. When you find a property in our listings that meets your requirements, you’ll want to be able to make a strong offer right away. Note too that if an existing legacy lease is in place, you may be unable to negotiate new terms.

How Boston City Properties Can Help

When the right factors converge, owning or leasing a Financial District gas station can be an excellent way to generate consistent and strong sales and profits. Zeroing in on viable options is easier when you sign up with Boston City Properties. Once you do, you can search our listings to check current availability for fuel stations in this neighborhood. We’ll also refer you to a local commercial real estate agent when you’re ready, so give us a call today.

Click Here to Search

gas stations