Gas Stations

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102 King Street
20.22.0010 Timiskaming P0J 1R0

$1,525,000 /For Sale
Commercial

Main Photo: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 1: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 2: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 3: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 4: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 5: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 6: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 7: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 8: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 9: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 10: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 11: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 12: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 13: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 14: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 15: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 16: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 17: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 18: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 19: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 20: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 21: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 22: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 23: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 24: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 25: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 26: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Photo 27: 102 King Street in Timiskaming: 20.22.0010 Property for sale (Cobalt)  : MLS®# T10441085
Status:
Active
Prop. Type:
Commercial
MLS® Num:
T10441085
Bus Major:
Gas Stations
1.5 million litre sales + approximately $700,000 in ancillary revenues - Gas station being offered with 0.80 acres of land in the growing city of Cobalt! Amazing business opportunity with a proven track record of high profitability. Situated on a busy intersection with high traffic volume, the station serves both local residents and travelers, ensuring a steady stream of customers year-round. With annual fuel sales of 1.5 million litres with a strong margin, this station is a top performer in its category. In addition to fuel, the station boasts approximately $700,000 in ancillary revenues, including convenience store items, car wash booth, residential apartment (2+ den), propane and other high-demand products, adding diversity to the revenue stream and increasing the overall profitability of the business. The station is known for its excellent customer service and has built a loyal customer base over the years. With a well-trained staff, the business runs smoothly, and the management system is in place to ensure efficient operations. This is a rare chance to acquire a well-established and highly profitable gas station in North Cobalt, an area that is poised for lots of further growth. With impressive fuel sales, additional high-margin revenue streams, and a prime location, this opportunity offers tremendous potential for continued success. Whether you're an investor looking for a stable cash flow or an entrepreneur seeking to expand into a thriving market, this gas station represents an excellent opportunity. **EXTRAS** Transferable liquor license, 2 car wash bay, propane refill center, lots of storage space, myriad of business growth on 0.80 acre lot, 2 bedroom+den residential apartment upstairs, space for Indian grocery items (in high demand), and more!
Property Type:
Commercial
Commercial Type:
Sale Of Business
Depth:
165'
Frontage:
211'8¾"
Total Area:
34,848 sq. ft.
Retail Area:
1,200 sq. ft.
Bathrooms:
2.0
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Basement:
Full
Garage:
None
Total Parking Spaces:
10
Possession Details:
30/60/90
Taxes:
$5,400 / 2023
Assessment:
$- / -
20.22.0010
None
Utilities:
Y
Water supply:
Municipal
Sewer:
Sanitary
Seller Property Info Statement:
No
Maintenance Fee:
1450.0
Air Conditioning:
Y
Chattels:
Yes
Log/Bldg/Unit Code:
Lot
Outside Storage:
No
Rail:
No
Soil Test:
Yes
Sprinklers:
No
Survey Available:
Yes
Type Taxes:
Annual
Category:
With Property
Major Business Type:
Gas Stations
Seats:
0
Days Open:
7
Hours Open:
7AM - 8PM
Employees:
2
Financial Statements:
Yes
Franchise:
No
Freestanding:
Yes
Gross income:
$2,535,000
LLBO:
Yes
Expenses Actual/Estimated:
Estimated
Heating Expenses:
400
Hydro Expenses:
800
Insurance Expenses:
1000
Management Expenses:
0
Operating Expenses:
$100,000
Other Expenses:
$100
Tax Expenses:
$5,400
Water Expenses:
$0
Year Expenses:
2023
Net Income Before Debt:
$400,000
Date Listed:
Nov 22, 2024
Original Price:
Previous Price:
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Listed by HOMELIFE/MIRACLE REALTY LTD
Data was last updated March 13, 2025 at 06:55 AM (UTC)
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.