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For Sale

Former Sinclair Gas Station

4318 Hwy Blvd,
Spencer, IA 51301

Asset Snapshot

1985
Year Built
100%
Occupancy

Offering Summary

Investment Overview

Former Sinclair gas station on the SE corner of US 18 & US 71 on the north end of Spencer ripe for re-development. Capture the traffic flow from the new neighboring KwikStar Truck Stop directly to the south. The 2,517 sq. ft. building on 2.51 acres could be re-purposed into a drive-through or razed. The DOT is re-designing the interchange into a new roundabout. The DOT will be constructing a new access driveway to the frontage road to the east followed by closing the existing access to the north. The State of Iowa will provide up to $75,000 of reimbursement for removal of the gas tanks. Buyer is responsible for removal of the septic system and the new connection to city sewer.


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Listing Syndicated From

Buildout
For Sale
$600,000
Asking Price