Description

Located in the heart of the Magna Main Street Opportunity Zone, this property presents a prime redevelopment opportunity in an area actively undergoing revitalization, with over 3,500 new homes permitted nearby. The site is especially well-suited for a drive-thru concept, with the potential for double drive-thru lanes to accommodate high-volume traffic. Ideal potential uses include a coffee shop, soda shop, dessert bar, smoothie stand, or a walk-up window with outdoor seating or dining areas, catering to the growing residential base. Previously a gas station, the tanks and pumps have been removed, and environmental remediation is already in progress—with only a few quarters of testing remaining before a No Further Action (NFA) letter can be issued. An insurance policy is in place to protect the buyer from any future remediation costs. The project has preliminary approval for drive-thru use, and the seller is actively moving toward full site completion, including sidewalk installation, landscaping, and well improvements. The current price reflects the project’s current stage and is expected to rise as further improvements are made. A lease of the fully completed drive-thru site is also a potential option, although pricing has not yet been finalized. This is a unique opportunity to establish a presence in a high-growth area with strong long-term potential.