Property profile

609 Philadelphia Blvd Aberdeen, MD 21001

OFF-MARKET
Auto shops
Property ID
US40-0649963
4,200 SF 1.01 ac lot Built 2007
Individually Owned 21-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 609 S Philadelphia Blvd in Aberdeen, Maryland (zip code 21001), is offered at $3,250,000. Situated on a one-acre lot (Harford County), this B3-zoned property boasts a thriving business model. Currently housing a highly profitable rent-a-car operation, a towing service, and an automotive repair shop, this investment presents a unique opportunity for significant returns. The property's prime location in Aberdeen ensures high visibility and accessibility, attracting a substantial customer base. The existing businesses demonstrate a proven track record of success, providing a solid foundation for future growth and potential expansion. This turnkey operation minimizes the need for extensive start-up costs and allows for immediate income generation. The property's zoning allows for a variety of uses, offering flexibility for future development or adaptation to changing market demands. This is an exceptional chance to acquire a well-established, profitable retail center in a desirable location with strong potential for long-term growth and return on investment. The property's current tenants contribute to a stable and consistent income stream, making it an attractive option for investors seeking a reliable and lucrative investment. Detailed financial information is available upon request. This is a rare opportunity to acquire a successful, established business with significant upside potential.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2007
Total area 4,200 SF
Lot 1.01 ac (43,995 SF)
Zoning code M3 B3
APN 02-000121
UPID US40-0649963

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
  • Building Supply General Contractor
  • Car Rental Facility

Location

609 Philadelphia Blvd Aberdeen, MD 21001-3615
Aberdeen metro Census 302902 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2005
4 recorded transactions
2021
Price N/A
2005
$150,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M3 B3 · Aberdeen, 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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