Former Gas Station, Asset Sale, La Grange

At $520,000 this is an asset sale in La Grange, and the word asset is doing all the work. There is no operating business and no tenant, so a buyer is pricing a site and a structure, not a going concern.

• Nothing is trading except the real estate and what is attached to it. No goodwill, no customer base, no fuel contract.
• Highway 71 carries 9,281 vehicles a day past the frontage, and Highway 77 adds 10,582 north to south.
• La Grange sits roughly halfway between Houston and Austin on a corridor both cities keep feeding. That is the whole investment thesis.

Three things I would check before writing an offer

• The environmental condition, and then check it again. On a closed fuel site this is not one item on a list, it is the deal. Steel tanks from 1998 with fiberglass coating are near the end of a normal service life even with warranty remaining. Order a Phase I, and budget for a Phase II before you are surprised into one. If there has been a release, remediation can cost more than the asking price, and the liability follows the land rather than the seller. A buyer who skips this is not buying cheaply, they are buying blind.
• What it can legally become. An empty former station is worth what its next use is worth. Confirm the zoning, the permitted uses, the setbacks and whether the county will allow a reopened fuel operation or push you toward retail or food. Talk to the county before you talk price again.
• Why it closed. Sites close for reasons: a bypass, a competitor, a lease dispute, a failed tank test, or an owner who simply stopped. Those reasons have very different implications for a buyer. The ones that closed for a reason the next owner cannot fix are the ones that stay closed.

Who it fits

• A buyer with their own use for a highway corner between two growing cities, who is comfortable carrying environmental risk and pricing it properly.
• A developer or operator who wants frontage on that corridor and views the structure as incidental.

Who it does not fit

• A first-time buyer looking for income. There is no income here, only a site and a plan.
• Anyone without the budget to walk away after spending real money on environmental work.

Financing

• An asset sale with no operating business is harder to finance than a running station. SBA lending generally wants a business, so this leans conventional or cash.
• Any lender will require the environmental review before discussing terms, and some will decline a former fuel site outright.
• Where SBA is available, the rules effective October 1, 2026 set the equity injection at 10 percent of total project cost, with 504 lenders looking for 15 on special-purpose property.

Not a commitment to lend. Subject to lender underwriting. Terms vary by borrower.

Next step

Survey, title, tank records and the site file are released after a signed NDA is verified.