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Sep 21

4004 Lake Ave. Lockport, NY 14094

SUBJECT TO APPROVAL The commercial property situated at 4004 Lake Avenue, Lockport, NY 14094 (Parcel ID #: 292600-081-004-0001-015-000) is a Gas Station covering approximately 460 sq ft on a 142' x 103' lot and is presently available for auction. Buyer will have to pay for the cost of gasoline, propane, & store product at closing. Located in a high traffic area at the corner of Lake Ave. & Ridge Rd. Retail limited to beverages, candy, cigarettes, & small snacks Propane tank/pump, and ATM are leased Outdoor Vacuum installed in 2020 Parking Lot was dugout and repaved in 2021 for $25k Parking Lot Lights were switched to LED in 2023 Roof Replaced in 2025 Two 8,000 gallon fuel tanks (currently holding 87 octane gasoline) Tanks were sandblasted internally and lined with armor shield coating in 2019 by WCC Tank Tech Inc. for $50k; tanks were given a 10-year limited warrantee (NON TRANSFERRABLE) for internal corrosion under normal use. Tanks were inspected in October 2025 and passed- report attached ~$- annual taxes ~$1.3 Million in Gross Sales for the last 16 months At closing, Purchaser shall, in a separate transaction, be responsible for payment to the Seller for the remainder of gasoline, propane, and convenience store product at wholesale cost. This property is being sold as-is, with no guarantees or warranties provided. Additionally, there is a 10% buyer's premium that will be added to the final bid. The Seller must approve the final bid made by the winning bidder before the sale can be finalized. Upon acceptance, the winning bidder must submit a deposit of 10% of the hammer price via certified funds within 24 hours. Personal checks will not be accepted. Lastly, the closing process will take approximately 45 days after the auction ends, and the sale is not dependent on the buyer's ability to secure funds.