Georgetown Gas Stations

Any town that is located near a major highway is going to present a good investment opportunity for someone looking to invest in gas and service stations. Georgetown, which is a small town with approximately 8,000 residents, is one of these towns. It is only located about 28 miles from Boston, which means that residents that live here will very likely commute to their place of work in the city. In addition, I-95, which is a major highway that serves the majority of the east coast, runs through the eastern side of the town.

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Purchasing and Leasing Gas Stations

Whether you are considering purchasing or leasing a gas or service station, you are going to need to consider a few things before you do, which are:

• The Traffic Flow – If the station that you are considering is located on a road that does not get a lot of traffic, it is going to hinder the amount of money that you make at that location. Additionally, construction in the area can reroute traffic away from your location, so make sure to consider that as well.
• The Competition – How does the location that you are considering compare to other service stations in the area. You are going to want to have just as many services as the closest competition so that customers do not go to your competition because they could not get a drink at your location.
• The Quality – Of course, you are going to look at the station, in general, to make sure that it is in good condition, but there are some things that may not be easy to see like the top of the canopy over the pumps and the actual gas tanks that are located under the ground. Repairing either one of these things could be quite costly, especially if you just purchased the space.
• What's Included – If you are purchasing the station, make sure that the land that it is positioned on is included in the sale as well. Paying more for the land that you thought was included would be quite a surprise.

Leasing gives you the chance to learn about the area and see if this is a good investment for you to make before you put down a large down payment, but if you want full control of what happens at the station, purchasing the property may be worth considering.

Opportunities for Expansion

Investing in a gas or service station can be quite profitable, but the majority of the profits that you are going to see are not going to come from the gas that you sell. The gas pumps will draw traffic that is passing by to your location, but the addition of a convenience store is what will make you a bigger profit. Many customers will come inside to get a drink, a snack, cigarettes, lottery tickets, and more, so if you have space, this is the expansion that you need to consider. In fact, adding a grill will also make it so that travelers can get a quick bite without making an additional stop during their travels.

Locating Your Investment

As a town that is located so close to a major city and a major highway that provides access to most of the east coast, Georgetown is a great investment option for anyone considering leasing or purchasing a gas station in this area of Massachusetts. There are a lot of things to consider before deciding which opportunity is going to be the best one for you, but a real estate agency like Boston City Properties can help you find exactly what you are looking for to build your portfolio. In fact, you may even qualify for a 1031 exchange, so call us today at 617-247-1933 to consider your options.

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gas stations