Hyde Park Gas Stations

If you're looking to invest in the south of Boston, Hyde Park is a neighborhood that has a lot of inherent potential. Not only is this a part of town that has a diverse population, but there are more than a few roads that crisscross the area so that commuters and casual travelers are very well supported. As a result, investment opportunities in both the commercial and residential sectors are well-represented, and if you're looking to make a fairly good profit, one of the best commercial investments that you can make is in the gas station business.

Click Here to Search

gas stations

Purchasing and Leasing Gas Stations

So why consider a service station? Service stations grant access to a modern necessity, and despite the fact that some motorists flock to the corporate brands, many will simply try to find the station with the best prices. For this reason, you can outcompete stations in your area, and if you select the right area that has the right traffic patterns and is easy to reach, then you can capitalize on your investment quickly.

In any situation, you'll have two primary options when it comes to service station acquisition:

• Purchasing the property – If you have the capital and the credit, then purchasing your new service station definitely has its advantages. For example, when you lease, you may have to lease under a corporate brand name, which means that you'll have little control over suppliers, products, and promotions. If you purchase, on the other hand, you'll have much more control of these aspects, and you can even open the station under your own brand name if you wish.

Additionally, if you have the patience, owning can be very lucrative. Once you pay off your mortgage, you'll start to see a lot of profit off of the investment and you'll be able to eventually sell or lease the property so that you can have a nice retirement nest egg.

• Leasing it from an existing owner – When you lease, you'll find that you'll have a lower level of burden then you would if you purchase. First, there's less financial burden; when you lease, you won't have to pay a down payment for a mortgage and things like insurance and property taxes won't be required. Additionally, there's less of a success burden as well; if the property doesn't work out, you aren't as committed to the station and you can even find another in the area to lease.

Buying a Service Station with a Convenience Store

If you're going to be purchasing or leasing a service station, you'll need to understand that gas sales won't account for much of your profits. That being said, you can consider adding on a convenience store in order to make more profit out of your commercial investment. This works well because gas sales directly fuel convenience store sales because:

• Commuters love a one-stop-shop experience – During a morning commute, your potential customers don't necessarily want to make multiple trips in order to purchase gas, snacks, coffee, or the morning paper, so when you provide a single place to get all of these items, you increase the convenience.
• Commuters sometimes have to pay inside – Unless your customers are paying at the pump via card, they will have to come into your store to pay for their gas. When this happens, you have a higher chance of converting the gas sale into a gas and convenience store sale.

Reasons to Consider this Area for Your Investment

Hyde Park is a beautiful Boston neighborhood that is very attractive to many investors due to its somewhat lower real estate prices and commercial opportunities, and if you seize on the right properties, you can make a lot of money operating a service station. Give Boston City Properties a call today at 617-247-1933, and we'll help you find the service station properties in the neighborhood that can serve you best.

If you are interested in buying or leasing a gas station somewhere in the city of Boston, you would be wise to focus your search on its Hyde Park neighborhood. Commuter traffic is heavy in this part of the city, so fuel stations tend to do quite well. With that being said, procuring the right property can be a tall order due to strong demand. Give yourself the best odds of success by connecting with Boston City Properties. When you sign up, we’ll give you immediate, free access to our searchable MA commercial real estate listings, so you can easily check availability for the types of properties you need.

About the Neighborhood

The southernmost neighborhood in the city, this largely suburban community is covered by the 02136 zip code. At the time of the 2010 U.S. Census, it had a population of around 38,000. Since the vast majority of this neighborhood is residential, there is a great deal of demand for convenient fuel stations. Every morning, commuters head downtown, and many of them need to fuel their vehicles. This area is also attractive because prices for commercial real estate tend to be a bit more affordable.

What to Look For

Unless you already have extensive experience in buying or leasing fuel stations in the city of Boston, you’re going to need all of the help that you can get. We can refer you to a commercial real estate expert in this neighborhood who can help. In the meantime, here are some things to look for when seeking a profitable fuel station:

• Appearance – Believe it or not, but the aesthetics of a fuel station matter a lot. Locals don’t just stop by for gas; they stop by for snacks, drinks and various convenience items. They’re more likely to come in when the place looks and feels welcoming.
• Size – Buy or lease a large fuel station with as many working pumps as you can afford. One thing that causes issues for such stations is a tendency for long lines to form around rush hour, and having more pumps and a larger store alleviates much of this.
• Location – It goes without saying that the ideal fuel station will be located on a busy road that is heavily traveled by commuters. A corner station is even better. Always check out the local competition as well because if another station is already well-established, you will be splitting business with them.

Considerations to Make

You are off to a great start by focusing on this Boston neighborhood for a fuel station to lease or buy. The process is quite complicated, and the agent that we refer you to can guide you through it. To give you an idea of what you’re in for, here are some of the top considerations to keep in mind when procuring a fuel station in the city:

• Environmental issues – Have an environmental survey of the property performed if you will be buying both the land and the building. Whoever owns the land is responsible for adhering to environmental regulations. If you buy a station with underlying problems, you could be on the hook for thousands of dollars’ worth of fines.
• Lease and financing options – Figure out how you will afford the property before you start looking in earnest. If you’re buying, check into Small Business Administration loans. If you’re leasing, look for a property whose current owners are willing to negotiate the terms of a new lease for you.
• What’s included? – Don’t get ahead of yourself when investigating fuel stations that are on the market in this neighborhood. What appears to be a good deal might actually be more trouble than it’s worth. Confirm that the property includes everything that you need to ideally open for business quickly. Thorough inspections are a must.
• Financial records – Even if you have a savvy business plan in place, it won’t get you very far if the property historically hasn’t performed very well. Always request at least two years’ worth of financial records from the current owner, and hire an accountant to assess them for you. While there is no way to absolutely guarantee that a fuel station will be profitable, this is a viable way to avoid serious problems.

How Boston City Properties Can Help

The easiest way to check current availability for gas stations for sale in Hyde Park is by signing up with Boston City Properties. We will give you instant, free, unlimited access to our listings, so you can quickly check to see if anything that’s on the market suits your needs. When you are ready, we can also refer you to a commercial real estate agent in this neighborhood, and they can guide you through the process. For more info, call Boston City Properties today.

Click Here to Search

gas stations