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31304895
31304896

304 W California St, Gainesville, TX 76240 For Sale

NK
CA 02011383
A360 Capital
DR
A360 Capital
Listed by A360 Capital
$2,300,000
110 days on market
Updated 65 days ago
Opportunity zone

Conoco Gas Station

Details
APN 17703
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,628
Net Rentable (SqFt) 2,460
Pumps 2
Occupancy 100%
Tenancy Single
Brand/Tenant Conoco, Runnin' Red
Lease Type NNN
Price per SqFt $634
Class B
Year Built 1985
Buildings 1
Stories 1
Acreage 0.304
Investment Type Owner/User

Conoco Gas Station | Owner-User Opportunity | Downtown Gainesville Retail Corridor

Marketing description

This offering presents a rare opportunity to acquire a Conoco-branded convenience store and fuel station located in the heart of Gainesville, Texas. Positioned along West California Street, the property sits within a highly active retail and residential corridor with direct access to Interstate 35, a major north-south transportation artery connecting the Dallas-Fort Worth Metroplex to Oklahoma and beyond.

The property features approximately ±3,628 SF of gross building area, including a ±2,460 SF convenience store, situated on ±0.304 acres. The business generates over $125K in monthly in-store sales, including lottery revenue, and has been owner-operated for more than 20 years—demonstrating strong operational stability and a loyal customer base.

Strategically located along TX-51 with nearby traffic counts of approximately 14,657 VPD on W California Street and 41,183 VPD along I-35, the site benefits from both local neighborhood demand and high-volume interstate traffic. The surrounding area includes national retailers, government offices, and dense residential neighborhoods, reinforcing consistent daily traffic and long-term viability.

With existing fuel infrastructure, established operations, and opportunity for operational upside, this asset is well-positioned for an owner-user or investor seeking a stable, cash-flowing retail fuel asset in a growing North Texas market.

A rare opportunity to acquire a Conoco-branded convenience store located in the heart of Gainesville Retail & Residential corridor . The store generates over $125K in monthly C-store sales including loto sales and has been owner-operated for over 20 years, reflecting a stable and established customer base. Proximity to Interstate 35 (I-35) one of the most heavily traveled north-south corridors in the United States, connecting Dallas–Fort Worth to Oklahoma and beyond. I-35 carries significant daily traffic, including long-haul trucking, regional commuters, and cross-state travelers—driving consistent demand for fuel, convenience retail, and quick-service offerings.

Positioned along Texas State Highway 51, a primary east-west route through Gainesville, providing strong local connectivity and channeling traffic directly between residential neighborhoods, commercial corridors, and I-35.

Investment highlights

  • Established Operating Business – 20+ years of continuous operation with stable customer base
  • Strong In-Store Revenue – ~$125K/month in C-store sales including lottery
  • Prime Downtown Location – Located in Gainesville’s core retail & commercial corridor
  • Dual Traffic Drivers – ~14,657 VPD (W California St) + ~41,183 VPD (I-35) exposure
  • Owner-User Opportunity – Real estate and business included in sale
  • Fuel Infrastructure in Place – ~28,000-gallon underground storage capacity
  • Alcohol Sales License – Beer & wine sales enhance revenue mix
  • Highway Proximity – Immediate access to I-35 connecting DFW to Oklahoma
  • Limited Direct Competition – Established trade area with strong local demand
  • Opportunity Zone Investment – Potential tax advantages for investors
  • Established Fuel Site with Long Operating History
  • Rare Owner-User Investment
  • Established Highway Commercial Node: The intersection of TX-51 and I-35 forms a key commercial hub in Gainesville
  • Surrounded by Complementary National Retail Uses
  • Food Mart Convenience Store includes Wine & Beer Sale License
  • Two (2) MPDs Onsite (Four Fueling Positions)
  • Fuel Storage Infrastructure: Includes approximately 28,000 gallons of underground storage capacity supporting gasoline and diesel operations (installed 1994).
  • Lot Size: ±13,265 SF
  • Sale Type: Real Estate and Business

Listing Contacts

NK
CA 02011383
A360 Capital
DR
A360 Capital
Listed by A360 Capital

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