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Main Photo: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
Photo 1: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
Photo 2: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
Photo 3: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
Photo 4: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
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Photo 12: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
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Photo 17: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
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Photo 21: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
Photo 22: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
Photo 23: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
Photo 24: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
Photo 25: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
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Photo 27: 102 King Street in Timiskaming: Cobalt Commercial for sale : MLS®# T10441085
Status:
Active
Prop. Type:
Commercial
MLS® Num:
T10441085
Bus Major:
Gas Station
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
Property Sub Type:
Sale Of Business
Freestanding:
Yes
Total Area:
34848 sq. ft. Acres
Total Area:
34,848 sq. ft.
Retail Area:
1200 sq. ft. Sq Ft
Depth:
165'
Frontage:
211'8¾"
Bathrooms:
2.0
Water supply:
Municipal
Soil Test:
Yes
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Survey Available:
Yes
Garage:
None
Parking Spaces:
10
Possession Details:
30/60/90
HST Applicable To Sale Price:
Yes
Type Taxes:
Annual
Taxes:
$5,400 / 2023
Assessment:
$- / -
Cobalt
Cobalt
Timiskaming
No
None
Furnace, hot water tank, A/C
Inventory
None
No
Utilities:
Yes
Sewers:
Sanitary
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Gross income:
$2,535,000
Net Income Before Debt:
$400,000
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$400
Hydro Expenses:
$800
Insurance Expenses:
$1,000
Management Expenses:
$0
Tax Expenses:
$5,400
Operating Expenses:
$100,000
Other Expenses:
$100
Water Expenses:
$0
Year Expenses:
2023
Maintenace Expenses:
$1,450
Major Business Type:
Gas Station
Category:
With Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
7AM - 8PM
Employees:
2
Chattels:
Yes
LLBO:
Yes
Outside Storage:
No
Seats:
0
Date Listed:
Nov 21, 2024
Original Price:
Previous Price:
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Listed by HOMELIFE/MIRACLE REALTY LTD
Data was last updated March 12, 2025 at 12:15 PM (UTC)
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