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Updated about 6 years ago on . Most recent reply

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2
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John Crays
  • Wholesaler
  • Denver, CO
0
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2
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Gas Station with Contamination

John Crays
  • Wholesaler
  • Denver, CO
Posted

I have an old gas station that has LUSTS or Leaking Underground Storage Tanks, the State is aware of it, it's been extensively tested for a few years now, the damage is done.  It's covered by the State fund for $2mm that can be reimbursed for clean up.  I'm wondering if there's any hard data on how many stations have had to be cleaned up in the last 5 years?  How many exceeded $2mm?  And if there are any lenders that specialize in these types of properties?  I'd like to just clean it up and lease it or sell it. 

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15,177
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11,262
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Joel Owens
  • Real Estate Broker
  • Canton, GA
11,262
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15,177
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Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

Do you own it or just have it under contract? There are brownfield specialist buyers and EPA contamination site buyers that focus on it

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NNN Invest
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