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Property Detail

Highway 167 South
7781 Highway 167 S is a 3,000-square-foot gas station and convenience store remodeled in 2022 .
$88,000

Description

  • 7781 Highway 167 S is a 3,000-square-foot gas station and convenience store remodeled in 2022 on a large 2.53-acre parcel in Sheridan, Arkansas.
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  • Convenience Store: Most lucrative stations also operate a convenience store, selling snacks, drinks, and other essentials with a high profit margin.
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  • Valuable location off Highway 167, a primary north-south artery that leads to Interstate 530 to the heart of Little Rock, attracting regular customers
  • Owner/User offering W additional potential revenue streams. Relatively wealthy area for rural locales, an avg household income of $80K+ within 10 mi.
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  • Offering services like oil changes, car washes, or tire checks can attract more customers and add another revenue stream.
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  • Owner/Operator tax benefit potential or leasing to another operator could provide steady rental income.

Executive Summary

7781 Highway 167 S is a 3,000-square-foot asset that was essentially rebuilt in 2022 from a shell building. It now sports the sleek, modern look and blue accents with an artificial stone façade for some rustic character. The property features a car vacuum station, two dual-sided fuel pumps, and a propane fuel exchange. This particular location also has storage for grain feed and hay, especially suitable for this agricultural area. The Sheridan location was built to the high-end specifications of a new gas station and convenience store chain. The company was forced to declare bankruptcy in 2024 by stakeholders, and the closure of this store was not due to the performance of this individual location.

Sheridan, Arkansas, and broader Grant County are a unique part of the Greater Little Rock area about 35 miles south of the capital city. Grant County has a substantial amount of residents working in manufacturing, education, healthcare, and social assistance as some of the largest employers are Kohler, Sheridan School District, and Assisted Care for Seniors. These well-paying companies have raised the rural county’s average household income to over $88,000.

Property Facts

Gas Station and C-Store

Listing ID : 00732

SKU: 732

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Price History

DateEventPrice
December 9 2024Listed$88,000.00