614 S Philadelphia Blvd Aberdeen, MD 21001
Freestanding building, pad site, and rear parcel for sale.
Type:Retail
Property size:
3,289 SFLot size:
0.84 Acres- Added:
- Dec 9, 2022
- Days on Market:
- 1214
- Last Refresh:
- Mar 17 at 1:23 pm
Property Features for 614 S Philadelphia Blvd
General Information
- Standard status
- Active
- Size
- 3,289 SF
- Lot size
- 0.84 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agent David Feazell License #MD 674137
Listing office Garceau Realty
Listing date Dec 9, 2022
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Garceau Realty
Overview
Aberdeen Development Opportunity with Cashflow
This property presents an excellent development opportunity with immediate cash flow. It features a 3,289 square foot freestanding building, custom-built for Precision Tune in 2005, situated on a 0.84-acre lot zoned B3. The property also includes an adjacent paved pad site ready for a similar-sized freestanding building. A connected 3.28-acre rear parcel on James St, also zoned B3, is included. Precision Tune currently pays $82,039 per year on a corporately guaranteed, double-net (NN) lease, with approximately 4 years remaining on 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 have stormwater management in place. A developer can connect the large lot to the front pad site to create a large retail site with frontage and signage on Philadelphia Blvd while collecting cash flow from Precision Tune. The property is located in Aberdeen, MD, approximately 30 miles north of Baltimore City.
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 — 823 Old Philadelphia Rd, Aberdeen, MD 21001
- Big Rig Doctor — 635 Old Philadelphia Rd Unit E, Aberdeen, MD 21001
- D David Truck Repair, LLC — 823 Old Philadelphia Rd, Aberdeen, MD 21001
- Geno's Garage — 823 Old Philadelphia Rd, Aberdeen, MD 21001
- Beavers' Auto Body — 627 S Philadelphia Blvd, Aberdeen, MD 21001
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 for sale.
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 a paved pad site ready for a freestanding building.; Prime location in Aberdeen, MD, with frontage and signage potential on Philadelphia Blvd.
