1919 Hanover Pike Hampstead, MD 21074-1323
- Retail space
- 1,920 SF
- 1.07 lot acres
Jan 29, 2020
Current Use by Public Records
- Retail space
Property Details for 1919 Hanover Pike
- Year built
- 1948
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.07 lot acres
- Property size
- 1,920 SF
- Zone code
- C-2
- Property type
- Retail space
- APN
- 08-007055
- APU
- 8007055
Description
This exceptional Hampstead, MD commercial property presents a unique investment opportunity. The offering includes a thriving auto dealership and repair shop, housed within two substantial buildings situated on a 1.07-acre lot. The main building, recently renovated, boasts over 2,400 square feet of versatile space. This includes a spacious client area, a dedicated employee lounge and kitchenette, a two-car garage fully equipped with lifts, compressors, and tire machines, plus ample parts storage. A finished basement provides additional storage. A second building, constructed approximately four years ago, offers approximately 2,400 square feet of space, featuring four large commercial bays with 12-foot ceilings, overhead doors, LED lighting, and efficient heating. Both buildings benefit from a comprehensive security system with perimeter cameras and a privacy fence. The expansive lot accommodates approximately 50 cars in the front and over 100 in the fenced backyard. The property's C-zoning allows for continued operation of the existing auto business or a complete transformation into various ventures, including retail, restaurant, or even a gas station. The total square footage is 2,560 square feet. A tow truck is also available for purchase, offering potential for additional income streams. This turnkey operation presents a rare chance to acquire a profitable business and a substantial commercial property in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $270,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $455,000
- 6.5%
- $420,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $195,000
Market price range: $47.8k - $280k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $400,000 Current use
- AUTO REPAIR, GARAGE
- $335,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Hampstead
- County
- Carroll
- State
- Maryland
- Longitude
- -76.8597
- Latitude
- 39.6266
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA