100 E Clark Ave
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100 E Clark Ave
2,708 SF Retail Building Santa Maria, CA 93455 $5,000,000 ($1,846/SF) 9.44% Cap Rate
Executive Summary
Marcus and Millichap are pleased to have been chosen to Exclusively Represent for Sale this well-established Phillips 66 Branded Gas Station
and C-store. Located in downtown Orcutt (near Santa Maria), California at 100 E. Clark Avenue which is a lighted intersection at the SEC of E.
Clark Avenue and S. Broadway Street. This is a busy, well- travelled lighted corner. Both the Bulk Business Opportunity and the Real Property are
for sale in this offering.
This is a high revenue performing business with a strong established business history. There is the potential to increase revenues through
increasing the C–Store, add a kitchen, Soda Fountain, Beer & Wine, Check cashing, lottery sales, etc., etc. The Income limitation is the one you
create in your mind. SIBKIS – See it BIG, Keep it Simple. Gas Stations and Convenience Stores are in high demand due to the profitability and
margins, coupled with a low supply of available stores and properties available for purchase. Adding to the value is the second building located
at 120 E. Clark Avenue. This building could generate rental income or be part of a C-Store conversion plan!? The possibilities are endless.
This is a great opportunity for an Owner /Operator or possibly a Net Leased Tenant due to its location . An affordable investment with a High Cap
Rate return and a lot of options and upside available TO YOU!!!
and C-store. Located in downtown Orcutt (near Santa Maria), California at 100 E. Clark Avenue which is a lighted intersection at the SEC of E.
Clark Avenue and S. Broadway Street. This is a busy, well- travelled lighted corner. Both the Bulk Business Opportunity and the Real Property are
for sale in this offering.
This is a high revenue performing business with a strong established business history. There is the potential to increase revenues through
increasing the C–Store, add a kitchen, Soda Fountain, Beer & Wine, Check cashing, lottery sales, etc., etc. The Income limitation is the one you
create in your mind. SIBKIS – See it BIG, Keep it Simple. Gas Stations and Convenience Stores are in high demand due to the profitability and
margins, coupled with a low supply of available stores and properties available for purchase. Adding to the value is the second building located
at 120 E. Clark Avenue. This building could generate rental income or be part of a C-Store conversion plan!? The possibilities are endless.
This is a great opportunity for an Owner /Operator or possibly a Net Leased Tenant due to its location . An affordable investment with a High Cap
Rate return and a lot of options and upside available TO YOU!!!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Service Station
Building Size
2,708 SF
Building Class
C
Year Built
1960
Price
$5,000,000
Price Per SF
$1,846
Cap Rate
9.44%
NOI
$472,017
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
0.31 AC
Zoning
OT-R-14/GC
Frontage
43 FT on E Clark Ave
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 105-092-001 | Improvements Assessment | $105,468 |
| Land Assessment | $203,414 | Total Assessment | $308,882 |
PROPERTY TAXES
Parcel Number
105-092-001
Land Assessment
$203,414
Improvements Assessment
$105,468
Total Assessment
$308,882
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Bruce Barnhard -
Marcus & Millichap
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100 E Clark Ave
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