Address
614 S Philadelphia Boulevard, Aberdeen, MD
Price
$ 1,650,000
Property Attributes
- MLS#MDHR2018468
- TypeCommercial
- CountyHARFORD
- CityAberdeen
- Zip21001
- StyleAuto Related
- Year Built2005
- Taxes$ 10262
- Price$ 1,650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3289
- Lot Size0.84 Acres
Data Source:
Bright MLS
Property Description
The Feazell Commercial Group is pleased to present for sale a Precision Tune Auto Service Station plus adjacent pad site located in Aberdeen, MD just 30 miles North of Baltimore City. Custom built by landlord for tenant in 2005, the property consists of a freestanding building with a Gross Leasable Area (GLA) of 3,289 square feet situated on a .84-acre lot. Precision Tune occupies roughly 1/2 of this lot and the other 1/2 is a paved padsite ready to go for another free standing building of similar size. Precision Tune is paying $71,338/yr on a corporately guaranteed, Double-Net (NN) lease with 6.5 years remaining on their original lease term (July 2029 expiration) and four remaining options to renew with 15% increases or CPI whichever is less. The Cap rate is 4.32% and includes the paved padsite next door to the Precision Tune which is tenant-ready. The lease is guaranteed by PTAC which is owned by parent company Icahn Automotive Group LLC. The lease is set to increase in 2024 and will bump up the yield to a 4.99% cap rate. Aberdeen as a city is the largest employer in Harford County MD. This Precision Tune is located near the intersection of South Philadelphia Blvd and James St and has an average daily traffic count of 34,000+ vehicles per day. The property is in an area with a population of over 45,600 people living within a five-mile radius. Major retail tenants and points of interest in close proximity include: 7-Eleven, McDonalds, Lidl, Walmart, Wawa, Royal Farms, Autozone, and Dominos Pizza. The propertys corporate guarantee and strategic location make this Precision Tune an attractive investment opportunity. Additional 1+/- acre of usable land behind the site available for sale as well separately.
| Price History | |
|---|---|
| 12/9/2022 | Listed $1,650,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other |
| Cooling | Other |
| Possession | Immediate |
| Zoning | B3 |
| Construction Materials | Block |
| Year Built | 2005 |
| Property SubType | Retail |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Other |
| Business Type | Auto Related,Other |
| Accessibility | Other |
| County | HARFORD |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | R on philadelphia |
| ModificationTimestamp | 2023-12-14T04:44:54 |
| City | ABERDEEN |
| Buyer Agent Compensation | 2.5 |
| Total Units | 1 |
| Lot Size Square Feet | 36590.00 |
| Tax Assessed Value | 650200.0 |
| Waterfront Y/N | No |
| Street Name | PHILADELPHIA |
| Tax Annual Amount | 10262.0 |
| Price Per Sq Ft | 545.45 |
| Vacation Rental Y/N | No |
| Days on Market | 509 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 2 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Other |
|---|---|
| Hot Water | Other |
| Heating Y/N | Yes |
| Street Suffix | BOULEVARD |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 28 |
| Type of Parking | Parking Lot |
| Land Use Code | C |
| Water View Y/N | No |
| Building Area Total | 3025.00 |
| Lot Size Acres | 0.84 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 384300.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 28 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 21001
Price
Taxes
Visits
Year Built
Walkscore
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