Looking to invest in a gas station or two ”“ or 40? Getty Realty Corp. might have a property for you.
The Long Island-based specialty real estate investment trust is selling off 40 gasoline stations  and 68 commercial and retail properties formerly used as gas stations in 12 states.
The portfolio includes 40 properties in New York, among them four gas stations in Westchester County. Many are being operated by licensees under month-to-month license agreements, according to Getty Realty”™s sale coordinators at NRC Realty & Capital Advisors L.L.C. in Chicago.
Asking prices on the Westchester stations range from $380,000 ”“ for an 8,000-square-foot lot and 1,000-square-foot building at 751 White Plains Road in Scarsdale ”“ to $560,000 for a 10,500-square-foot lot and 1,000-square-foot station at 340 Main St. in New Rochelle. Two stations, at 11 E. Post Road in White Plains and at 747 Main St. in New Rochelle, are priced at $400,000.
Getty”™s sale portfolio also includes nine gas stations in Rockland, Putnam, Orange, Dutchess and Ulster counties. Asking prices on those range from $149,000 for a Poughkeepsie property to $600,000 for a property in New Windsor.
NRC advisers said the properties are being sold without gas brand or fuel supply. Getty Realty properties operate under various fuel brands, including Getty, BP, Exxon, Mobil and Shell in this area.
The properties will be sold using NRC”™s sealed bid process. The deadline for bids is July 10.
Properties will be offered at minimum bids of up to 50 percent off the seller”™s asking prices. Getty will also consider leasing properties to qualified tenants.
Commercial brokers are encouraged to participate in property showings for prospective buyers. Getty Realty is offering a 3 percent broker cooperation commission on sales.
Interested parties can view a complete site list and register online for sale updates at www.NRC.com/1304 or by calling the NRC customer service center at (800) 747-3342, extension 1304.
