Gas Station with Land for Sale in Los Angeles, CA

This listing presents a prime opportunity to acquire a well-located Shell Gas Station and Express Car Wash, including the valuable land, in the heart of Los Angeles, California. Situated at the signalized intersection of Vermont Ave and 7th St, the property benefits from extremely high daily traffic counts of approximately 28,500 vehicles. The offering includes two parcels totaling 24,488 SF of land, presenting significant redevelopment potential for future hotel or condo projects, with favorable C2-1 Zoning, Tier-4-TOC designation, and benefits from Opportunity and Enterprise Zones. The current gas station pumps around 135,000 gallons per month, and a self-carwash is operational, with plans to add an express car wash to maximize revenue. The business was recently renovated in March 2022 with a cost of $1.2M, converting a mechanic shop into a convenience store and carwash. This is an absentee-owned business, offering a covered land play for investors to generate immediate income while pursuing development opportunities. The asking price is $14,000,000, with a gross revenue of $10,112,318 and an NOI of $871,826.