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Investment Highlights
- New tanks and fuel lines installed in 2023 significantly reduce near-term capex and environmental risk.
- New apartment developments across the street are driving increased population density and daily traffic.
- Includes a two-story house for additional income, owner occupancy, or on-site management.
- Operate as-is, rebrand, redevelop, or convert to a modern c-store concept.
Executive Summary
Located at 3401 E Memorial Dr in Muncie, Indiana, this unique commercial opportunity offers both immediate upside and long-term potential in a growing corridor. The property features an existing fuel station with a fuel supply contract that is set to expire soon, creating an opportunity to secure more favorable terms or rebrand the site. Major capital improvements have already been completed, including new fuel tanks and lines installed in 2023, significantly reducing near-term expenses. The site also includes a two-story residential home, offering additional income potential or space for on-site management. Positioned directly across from newly constructed apartment developments, the property benefits from increasing residential density and consistent traffic. The surrounding growth enhances visibility and strengthens the site’s long-term viability as a retail fuel location. The current owner is absentee and does not actively operate the business, leaving clear upside for a hands-on operator. This offering is ideal for an owner-user, investor, or regional operator looking to reposition and maximize value.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
C
Year Built
1951
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.60 AC
Zoning
comm
Parking
10 Spaces (6.7 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 18-11-24-103-001.000-003 | Improvements Assessment | $438,270 CAD |
| Land Assessment | $38,997 CAD | Total Assessment | $477,268 CAD |
Property Taxes
Parcel Number
18-11-24-103-001.000-003
Land Assessment
$38,997 CAD
Improvements Assessment
$438,270 CAD
Total Assessment
$477,268 CAD
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3401 E Memorial Dr
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