Gene's Country Store - Gas Station & Convenience Store

Retail-Commercial for Sale
Catylist Listing ID: 30868068
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Service Station/Gas Station
Building Size (RSF): 1,200 SF
Gross Land Area: 1.85 Acres
Sale Price: $950,000
Unit Price: $791.67 PSF
Property Use Type: Investment, Business
Building Name: Gene's CountryStore
Usable Size (USF): 1,200 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/14/2024

Overview / Comments

Gene's Country Store has been a fixture in the Folsom area since 1923. There have only been three owners in the past 65 years. This is a rare opportunity to purchase one of the only commercially zoned businesses in a rural area of the fast-growing western part St. Tammany Parish. The offering features a convenience store with a kitchen, two pumps (total), with gas (non-ethanol) and diesel. It is situated on 1.85 acres and is located south of downtown Folsom. Sale includes land, building, and business, including inventory, equipment, and fixtures. All permits are in place.

The convenience store sells groceries, snacks, coffee and assorted drinks. There is a kitchen that serves breakfast and lunch. It includes a tobacco license and a license to sell wine and beer (11% and less alcohol content). It also has a license to sell tobacco. There is a septic system and a drinking water well.

The location has been used in two movies, a commercial, and a photoshoot for the New Orleans Saints NFL Saintsations. It is located in an X Flood Zone.

The current building was constructed in 1984. It was renovated five years ago with the plumbing and electrical systems replaced, and the interior refinished. The water well and septic systems were updated and inspected by governing authorities.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Taxing Authority: St Tammany Parish
Tax ID/APN: 1170038253
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Highway 1078 (Bennett Bridge Road)
Site Description: Approximately 1.85 acres on an irregular shaped lot fronting Highway 1078 (Bennett Bridge Road) on the Savannah Branch of the Tchefuncte River.
Area Description: Rural St. Tammany Parish.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,200 SF
Property Condition: Good
Year Built: 1984
Year Renovated: 2018
Roof Type: Arched
Construction/Siding: Wood Siding
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,038 5,417
Median Age: 42.32 42.11
Households: 786 2,052

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