605-607 Main St Reisterstown, MD 21136
- Retail properties
- 0.24 lot acres
Current Use by Public Records
- Retail properties
Property Details for 605-607 Main St
- Year built
- 2008
- Lot size
- 0.24 lot acres
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a portfolio of six net-leased automotive properties in Baltimore and Reisterstown, Maryland, all occupied by Gerber Collision, a subsidiary of the publicly traded Boyd Group Inc. The portfolio generates a substantial net operating income (NOI) of $579,900. The properties, built in 2008, are strategically located in high-density areas, with a population exceeding 150,000 within a three-mile radius. The portfolio includes a mix of state-of-the-art collision and repair facilities, ranging in size from 2,458 square feet to 20,930 square feet, situated on lots ranging from 0.24 to 2.68 acres. Several locations boast extensive parking, large pylon signage, and multiple points of ingress/egress, enhancing visibility and accessibility. Specific features include purpose-built construction, freestanding buildings with multiple roll-up doors, and secured parking lots. One location includes an office building, previously used for auto sales, while another offers a fully fenced and secure parking area. The properties are zoned I-1 (Light Industrial District) and BM (Business Major), ensuring flexibility and future development potential. This portfolio offers a compelling investment opportunity with a strong tenant, high NOI, and prime locations in a growing market. Detailed property information and financial statements are available upon request.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reisterstown
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.8233
- Latitude
- 39.4552
