Guides for shop owners · Massachusetts and Connecticut

How do I sell an old gas station building that's now a repair bay?

Lots of Massachusetts and Connecticut repair shops sit in former gas stations. Buyers will ask about old tanks and soil. If you have records, you're already ahead.

If this sounds like youYour shop is in an old gas station, and you're worried the building's history will scare buyers off.

Talk to JamesWho we are
A South Windsor building before the Lotus crew renovated it
A South Windsor building before the Lotus crew renovated it
The same South Windsor building after renovation
The same South Windsor building after renovation
Your options

What you can do.

OPTION 1

Sell with records in hand

Tank removal papers and past reports make buyers comfortable.

OPTION 2

Get a site check first

Know what you have before buyers ask.

OPTION 3

Sell to a buyer who knows these buildings

Some buyers are used to them.

OPTION 4

Sell the shop, keep the building

Lets you deal with the property on your own timeline.

Before you decide

What to watch for.

  • Find any tank removal or closure papers you have.
  • Ask your town or state for records on the property.
  • Talk with your own lawyer about what you have to disclose.
How Lotus helps

Owner to owner, and it stays private.

Lotus buys shops and the buildings they sit in across Massachusetts and Connecticut, including old gas station buildings. We've seen these properties before and we'll talk through it plainly. Talk with James.

James StephensonJames Stephenson
Lotus, Massachusetts and Connecticut
Talk to James
Questions

Quick answers.

Will an old gas station scare off buyers?

Not if you have records. Unknowns are what scare buyers.

Do I have to test the soil before I sell?

Not always, but many buyers will ask. Talk with your own lawyer about your situation.

Keep reading
Real estateCan I sell my repair shop and the building together?Real estateWhat is my auto repair building worth?Real estateShould I sell my shop but keep the building and lease it?
Say hello

Thinking about what comes next for your shop or building?

Reach out and we’ll talk it through. No pressure, and the conversation stays private.

james@lotuspe.us