Real Estate Ph: (617) 247-1933 806 Tremont Street, Boston MA 02118

Waltham Gas Stations

Located approximately 11 miles outside of Boston, the town of Waltham is a great place to invest in the gas industry. It is home to over 63,000 residents, and there are plenty of major highways in and around the town that will be great for bringing in customers who are just passing by. In fact, both I-95, which stretches along the entire east coast, and I-90, which is one of the most used highways that covers the majority of the state going from east to west.

Click Here to Search

gas stations

Purchasing and Leasing Gas Stations

A service station can be a great investment opportunity, but before you decide whether you want to purchase the space or simply lease it, you should consider the pros and cons of each. When you purchase the property, you will have the freedom to make expansions on the property to help increase your profit margin. You can add things like a convenience store, a car wash, or a repair shop to better serve your customers. You will also have the freedom to choose your gas provider and the type of promotions that you run at your location.

Purchasing means a large down payment, taxes, and repair expenses, so if you want to avoid these expenses, you can opt to lease the property instead of purchasing it. This gives you the option to learn the traffic patterns in the neighborhood before deciding if it is a great location to invest, and you can even opt for a short-term lease until you are sure that it is a solid investment to make. When you lease the station, you may not have as much freedom when it comes to day-to-day functions, but you will still be able to make a profit from this type of investment.

Buying a Service Station with a Convenience Store

The best way to increase your profits when you invest in a service station is to expand on the property and the services that you provide. You can opt for a repair station or a car wash, but if you want to keep it simple, a convenience store is a great option to consider. Think about when you stop to get gas during a road trip, you typically want to get snacks and drinks for the road. This option will also provide locals with the option of stopping at your location in the morning to get coffee, a newspaper, and maybe some lottery tickets. In fact, if you have enough space for a grill, you can offer hot breakfast sandwiches to commuters as well, which is a great convenience to the community, especially when residents are running late.

Neighborhoods to Consider for Your Investment

Waltham is a very large city, so there are going to be a lot of options to consider for your investment, but not all of the locations that are available are going to be the best option for your portfolio. There are a total of 13 neighborhoods in this city that you can consider, but some of the best options for traffic flow and residential commuting include:

If you are looking for major highways like I-95 to be near your location, consider neighborhoods like Piety Corner and Lakeview because the highway cuts right through these neighborhoods. For more about the neighborhoods in this area and the investment opportunities that are available in each, call Boston City Properties today at 617-247-1933 to speak with an agent who is well versed in this area of Massachusetts.

Click Here to Search

gas stations