BrokerageRetail

Mobil Gas Station Changes Hands in Greeley

A Mobil branded gas station and convenience store located at 2201 8th Ave, Greeley, has sold for $1,017,000. After generating interest from many prospective groups, the property was sold to a local buyer with plans to continue operating the business.

The 2,088-square-foot station, built in 1968, is only a few blocks South of the University of Northern Colorado campus and benefits from the proximity to student housing and new build family apartments. The site is well positioned along one of Greeley’s main retail corridors with great access and benefits from the heavy traffic on highway 85.

Peter Peluso and Will Mathews with Legend Investment Group (LIG), a division of Legend Partners, LLP represented the seller in the transaction.

“After decades in the gas station operating business, the owner was ready to retire and we were able to sell the station to a seasoned operator and first-time buyer. With Greeley growing as quickly as it is, there was a great opportunity to take over and continue to grow the business. We appreciate the hard work from all parties involved in the transaction during this current
economic climate.” stated Matthews.

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