Service station properties can be a highly lucrative choice for those looking to buy for commercial purposes, but there are many things which need to be taken into consideration when either buying or selling a service station property. First and foremost, former service stations will often have underground storage tanks or storage tank systems which they use to fuel the gasoline pumps used by customers. These underground storage tanks or storage tank systems should be the first consideration in a person’s mind when they deciding to buy or sell a service station property.
If one is purchasing one of these properties, it is important to hire an environmental professional with experience in environmental assessments in order to inspect the site and make sure it is fit for use. If the underground storage tanks or storage tank systems aren’t fit for use for any reason, or if you wish to use the land for another purpose, further steps should be considered in order to secure the property and make it environmentally sound once again. Underground storage tanks and storage tank systems which go into disrepair from either neglect or spending too much time temporarily out of use can cause hazardous liquids such as oil or gasoline to leak into the ground surrounding the area, putting the local environment, as well as the local wildlife and human population, at risk.
Also, if you’re planning to sell a former service station property, an environmental professional experienced in environmental site assessments and compliance should be hired to inspect the area for the same reasons listed above for buyers. In an effort to provide buyers with the means to know just what they are getting with they purchase the property, having the underground storage tanks or storage tank systems, as well as the surrounding land, inspected can give the buyer peace of mind knowing the exact condition of the property they are about to purchase. It is also important to understand, as the current owner of a former service station property all regulation and requirements in regards to Compliance Audits and Facility Inspections. Point to Point Environmental has extensive experience in helping our clients remain compliant or achieve compliance should a particular property fail inspection.
At Point to Point Environmental, we can inspect former service stations and provide you with the compliance and environmental information you need to effectively and efficiently buy or sell former service station properties. If you have a former service station lot that you’re looking to purchase or sell contact us today to learn more about how Point to Point Environmental can best serve your underground storage tank environmental needs.