Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply

Jack TuckerPoster
- Real Estate Investor, Flipper, PM, vacation rental, Wholesaler
- Athens, GA
- 210
- Votes |
- 260
- Posts
Just got a gas / convenience store under contract - help!
College town of Athens GA
Same side of the road and around the corner from a large trailer park.
A good bit of development coming into this corridor.Healthy and growing traffic count Owner wants to retire but willing to continue operating and pay rent back for 1 year at $5k/month.
Plus 2 other separate spaces that could be rented out for 1000-1500/month extra.
Price includes business plus real property
Was listed for $1.2 Million in 2006.
Independently appraised in 2013 for $725k Real estate is tax assessed at $550k. Typically the assessed value is way underUnder contract and in diligence.
2 acres of commercial general, with only 1 acre being used.
Not sure if this is a good deal or not.
Do you know anything about these?With whom should I talk ?
Thanks,
Jack