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Longwood Gas Stations

Also known as the LMA, which stands for the Longwood Medical Area, this neighborhood of Boston is well-known for its association with Harvard Medical School, and as a result, is also one of the areas of Boston with the highest cost of living. That being said, there's a strong employee population in the area, and based on projected estimates, an additional 13,000 employees are expected to come into the area within the next 15 years. As a result, there's going to be a higher need to support commuters, and as a result, the gas station is set to become a very lucrative commercial investment type for investors.

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gas stations

Purchasing and Leasing Gas Stations

If you're going to invest in this commercial business, then you'll have to either:

Purchase the property – Looking to diversify your portfolio? An investment in a purchased service station is an excellent way to do this, especially considering that these properties require both good credit and a significant amount of capital. With a purchased service station, you'll also have a steady cash flow generator, and the only things that can hamper the performance of your station are poor traffic patterns or corporate service station competitors in the vicinity.

These properties also stand out due to the fact that they can make for good retirement nest eggs. When you're ready to retire, you can simply sell the property at a profit or lease it out so that you can receive steady cash during your twilight years.

Lease the property – When you buy, you'll have to deal with a down payment, insurance, and capital gains taxes to name a few financial burdens, but if you opt to lease from an existing owner, you won't have to consider any of these costs. In fact, leasing is a great way to make a profit sooner because you won't be worrying about paying back a mortgage and capitalization rates.

Additionally, if the profits on the property aren't stellar, you can always opt to simply wait out the term of the lease and try again somewhere else.

Buying a Service Station with a Convenience Store

If you're going to turn a profit, you should consider purchasing or leasing a preexisting service station that already has a convenience store on-premise. It's important to understand that gas sales won't necessarily help you capitalize because of the fact that every gallon of gas that you sell goes to various different places. In fact, it's hard to make a profit of much more than one or two percent of the sale as the service station owner.

With a convenience store, you can use your gas sales to segue into more direct sales because commuters and motorists love to use convenience stores to purchase:

Each of these items can be sold at a significant profit, and in many cases, a commuter will buy one or more of these products on a daily basis. Also, customers that come in to pay or use the facilities will often spend money in an attached grocery store, and you can even see significant sales from customers that come into your establishment on foot as well.

Reasons to Consider this Area for Your Investment

LMA definitely has more than a few opportunities for commercial investors that want to capitalize, and with a working population that's set to grow, this definitely is an area to keep an eye on. If you're not sure where to start, give us at Boston City Properties a call at 617-247-1933, and we can show you some of the service station opportunities in this up-and-coming area.

With its prime location and population of educators, medical professionals, researchers and students, Boston’s Longwood Medical Area is a great place to look for profitable gas stations for sale or for lease. The LMA, as it is often referred, has a very competitive commercial real estate market, however, so it’s crucial to have all of the help that you can get. To that end, you can’t go wrong by signing up with Boston City Properties. It only takes a second; in return, you’ll get immediate, free, unlimited access to our huge online database of searchable commercial real estate listings. We also have experienced commercial property experts in this neighborhood and can refer you to one at your convenience.

About the Neighborhood

The city’s premier medical and academic area, the LMA is an excellent place to find profit-generating fuel stations. Bordered by Mission Hill, Audubon Circle, Brookline and Fenway-Kenmore, the neighborhood is home to thousands; every day, thousands more pour in to work or attend school in the area, so local fuel stations tend to be busy throughout the year. Since the local market is so competitive, however, it pays to have the help of a local commercial agent who understands its intricacies. We can refer you to one whenever you’re ready.

What to Look For

Do you know how to identify fuel stations that are most likely to generate strong profits? Some things to keep in mind while searching for one include:

Considerations to Make

A lot of work goes into identifying fuel stations that will deliver strong returns on an initial investment. Boston City Properties will connect you with a local commercial agent who knows the process well. For now, here are some of the considerations that you’ll need to make as you proceed:

How Boston City Properties Can Help

Getting up-to-the-second information regarding gas stations for sale and for lease in Longwood Medical Area is as simple as connecting with Boston City Properties. When you complete and submit the easy signup form, we’ll give you instant, free access to our commercial real estate listings. As an added bonus, we will refer you to a commercial real estate agent in this neighborhood who can assist you further. For more information, give us a call.

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gas stations