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Aberdeen Development Opportunity with Cashflow

614 S Philadelphia Blvd, Aberdeen, MD 21001

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For Sale

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Freestanding building, pad site, and rear parcel for sale.

Type:Retail

Property size:

3,289 SF

Lot size:

0.84 Acres

Price / SF:

$608/SF

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and status of this listing

David Feazell

Real Estate License ID: MD 674137

HighLights

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.
Precision Tune building custom‑built in 2005, consisting of 3,289 SF on a .84‑acre lot zoned B3.
Lease with Precision Tune has 4 years remaining on the first of five 5‑year renewal options with rent increases.
Utilities, curb cuts, and storm water management are already in place for both the pad site and rear parcel.

For Sale

Contact for pricing

Freestanding building, pad site, and rear parcel for sale.

Type:Retail

Property size:

3,289 SF

Lot size:

0.84 Acres

Price / SF:

$608/SF

Added:: Dec 9, 2022
Days on Market:: 1305
Last Refresh:: Jul 4 at 10:02 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

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Contact an agent

David Feazell

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

HighLights

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.
Precision Tune building custom‑built in 2005, consisting of 3,289 SF on a .84‑acre lot zoned B3.
Lease with Precision Tune has 4 years remaining on the first of five 5‑year renewal options with rent increases.
Utilities, curb cuts, and storm water management are already in place for both the pad site and rear parcel.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Precision Tune Auto ... Auto Repair Shop U-Haul Neighborhood Dealer Car Rental Facility

Suggested Use

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

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For sale
Auto shops
MD
Aberdeen
21001
614 S Philadelphia Blvd

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.