614 S Philadelphia Blvd Aberdeen, MD 21001
Freestanding building, pad site, and rear parcel in Aberdeen, MD.
Lot size:
0.84 AcresProperty Features for 614 S Philadelphia Blvd
General Information
- Standard status
- Active
- Lot size
- 0.84 Acres
Building Details
- Year built
- 2005
Source:
Corcoran
Listing Agency: GARCEAU REALTY Listing Agent: David R Feazell
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Aberdeen Development Opportunity with Cashflow
This property presents an excellent development opportunity with immediate cash flow. It features a freestanding 3,289-square-foot building, custom-built in 2005 for Precision Tune, situated on a 0.84-acre lot zoned B3 in Aberdeen, MD, approximately 30 miles north of Baltimore City. Precision Tune occupies about half of the lot, while the other half is a paved pad site suitable for a similar-sized freestanding building. An adjacent 3.28-acre rear parcel on James St is also zoned B3. Precision Tune currently pays $82,039 per year under a corporately guaranteed, double-net (NN) lease, with the first of five 5-year renewal options expiring in July 2029. The lease, guaranteed by PTAC, owned by Icahn Automotive Group LLC, includes four remaining renewal options with 15% increases or CPI, whichever is less. The paved pad site is tenant-ready with utilities and curb cuts. Both parcels benefit from existing storm water management. A developer can connect the large lot to the front pad site, creating a large retail site with frontage signage on Philadelphia Blvd, while benefiting from the cash flow from Precision Tune.
Location Intelligence
Current Use by Public Records
Precision Tune Auto ...
Auto Repair Shop
U-Haul Neighborhood Dealer
Car Rental Facility
Similar Places Nearby
Price's Diagnostics & Repair, Big Rig Doctor, D David Truck Repair, LLC, Geno's Garage, Beavers' Auto Body
Location Insight
- Map
- Local Demand
- City
- Aberdeen
- County
- Harford
- State
- Maryland
- Longitude
- -76.1693471
- Latitude
- 39.5013078
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Freestanding building, pad site, and rear parcel in Aberdeen, MD.
Where is this auto shop located?
The property is located at 614 S Philadelphia Blvd Aberdeen, MD.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: - Existing cash flow of $82,039/year from corporately guaranteed NN lease with Precision Tune.; - Significant development opportunity with a 3.28-acre rear parcel and an adjacent paved pad site ready for a freestanding building.; - Prime location in Aberdeen, MD, 30 miles North of Baltimore City.
