Surplus Real Estate Listings:
Louisiana
Last Updated: April 1 2025
Contact Representative
Boyice Williams
Marathon Petroleum Company LP
459 3rd Street, St Paul Park, MN 55071
| Downloads | CoStar | City | Address | Corner | Acreage | Sales Price | Improvements/Comments | hidden |
|---|---|---|---|---|---|---|---|---|
| View CoStar | Shreveport | NWC | 100 x 160 | $18,500 | Vacant lot; former gas station; NFA received |
Petroleum Deed Restriction
Most properties are offered for sale subject to a deed restriction prohibiting the sale of petroleum and tobacco products or operation of a convenience store for 25 years. A typical deed restriction states that, "Grantee agrees that for a period of twenty-five (25) years from and after the date of this conveyance, the premises shall not be used for a convenience store or for the sale, marketing, storage or advertising of petroleum fuels, motor oils or tobacco products, and that this restriction shall be a covenant running with the land and shall be contained in and made a part of every deed, mortgage, lease or other instrument affecting the title to said premises."