Property profile

2020 Chaneyville Rd Owings, MD 20736

FOR SALE
Auto shops
Property ID
US40-2269364
2,240 SF 0.06 ac lot Built 1942
Individually Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,240 square foot industrial property is ideally situated on a prime corner lot in Owings, Maryland, directly off Route 4 within the Tapestry North Condo subdivision. Boasting unparalleled visibility and accessibility due to its high-traffic location, this property is perfect for a variety of automotive-related businesses. Currently configured as an automotive shop, the versatile layout allows for easy customization to suit diverse needs, including repair shops, dealerships, or detailing services. The spacious building offers ample room for operations and clientele, complemented by a generous paved parking lot for convenient customer and employee parking. The property's location within the Tapestry North Condo subdivision provides proximity to shopping, dining, and residential areas, ensuring a strong customer base. The 0.06-acre lot offers excellent exposure and convenience, making this a rare opportunity to establish or expand a business in a thriving market. This turnkey property is ready for immediate occupancy and presents a significant advantage for automotive businesses seeking a high-visibility location with ample space and parking. The flexible interior layout allows for easy adaptation to specific business requirements, whether that includes showroom space, service bays, or office areas. This is a chance to secure a prominent position in a desirable Owings location.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1942
Construction BRICK
Total area 2,240 SF
Lot 0.06 ac (2,439 SF)
Zoning code RC
APN 02-109298
UPID US40-2269364

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

2020 Chaneyville Rd Owings, MD 20736
Owings metro Census 860200 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2004
3 recorded transactions
2004
$392,500
2003
$525,000
1969
Price N/A

Zoning & alternative use

RC · Owings, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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