Mobil Gas Station |
Mobil Gas Station operating corner location in Los Angeles offered at $6,000,000 for owner-user acquisition. The property sits on a signalized corner at Washington Boulevard and Crenshaw Boulevard with exceptional visibility and exposure to approximately 47,000 vehicles per day. The current Mobil lease has approximately one year remaining with no renewal options, positioning the buyer to assume operations upon expiration.
The 998 SF single-story building occupies a 0.53-acre fee simple parcel zoned C2 with TOC Tier 3 designation, allowing a floor area ratio of up to 6:1. This zoning flexibility creates significant long-term redevelopment potential for mixed-use, commercial, or multifamily projects. The site includes seven parking spaces and benefits from a dense trade area: approximately 475,000 residents within three miles and strong daytime workforce traffic along this major commercial corridor.
The location combines stable near-term income from the operating gas station and convenience retail with substantial future development upside in a supply-constrained, rapidly revitalizing infill market.
- Signalized corner location with 47,000+ daily vehicle exposure
- Owner-user opportunity; lease expires in approximately one year with no renewal
- C2 zoning with TOC Tier 3; FAR up to 6:1 for future redevelopment
- 475,000+ residents within three-mile radius
- Fee simple ownership; 0.53-acre parcel in high-demand Southern California market
More property details
Location
This rare owner-user opportunity offers the acquisition of an operating Mobil gas station in one of Los Angeles’ most supply-constrained infill markets. Strategically positioned on the signalized corner of Washington Boulevard and Crenshaw Boulevard, the property benefits from exceptional visibility, multiple access points, and exposure to more than 47,000 vehicles per day, supporting strong fuel sales and convenience retail traffic. With approximately one year remaining on the existing Mobil lease and no renewal options, the property provides an ideal opportunity for an owner-user to take occupancy and operate the business upon lease expiration. The site is located within C2 zoning and a TOC Tier 3 designation, allowing for a floor area ratio (FAR) of up to 6:1, creating significant long-term redevelopment potential for mixed-use, commercial, or multifamily projects in a rapidly revitalizing corridor. Surrounded by a dense population of more than 475,000 residents within a three-mile radius and a strong daytime workforce, the property combines stable near-term income with outstanding future development flexibility, making it an attractive investment in a high-demand Southern California market.