1. Maryland
  2. Aberdeen
  3. 614 S PHILADELPHIA BLVD
$2,000,000

614 S PHILADELPHIA BLVD, Aberdeen, MD 21001

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2005
  • Property Lot Size Icon0.84acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 days ago

Property Description

Excellent development opportunity with cashflow from day 1. Precision Tune Building plus adjacent pad site and rear large parcel located in Aberdeen, MD just 30 miles North of Baltimore City. Precision Tune was Custom built by landlord for tenant in 2005. The property consists of a freestanding 3,289 SF building situated on a .84-acre lot zoned B3. Precision Tune occupies roughly 1/2 of this lot and the other 1/2 is a paved pad site ready to go for another free standing building of similar size. The connected rear parcel on James St is 3.28 Acres also zoned B3. Precision Tune is paying $82,039/yr on a corporately guaranteed, Double-Net (NN) lease with 4 years remaining on their 1st of (5) 5yr renewal options. (July 2029 expiration). They have 4 remaining options to renew with 15% increases or CPI- whichever is less. The lease is guaranteed by PTAC which is owned by parent company Icahn Automotive Group LLC. The paved pad site next door to the Precision Tune is tenant ready with utilities, curb cuts. Both parcels have storm water management already in place. A developer can connect this large lot to the front pad site to create a large retail site with frontage & signage on Philadelphia Blvd while collecting the cashflow from Precision Tune.

Listing Status:
Active
Listing Office:
Garceau Realty : 4108030714
Listing Agent:
David R Feazell : 4432997937
MLS ID:
MDHR2048060
  • A/C: Other
  • Heating: OtherOther
  • Disability Feature: Other
  • General: Block
  • Originating MLS: BRIGHT_MAIN
  • School District: HARFORD COUNTY PUBLIC SCHOOLS
  • County: HARFORD-MD
  • Zoning: B31302398086
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of David R Feazell, Garceau Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

George D. Lisby Elementary School

810 Edmund St, Aberdeen, MD, 21001

Grades PK-5

0.57 miles away

A

Aberdeen Middle School

111 Mount Royal Ave, Aberdeen, MD, 21001

Grades 6-8

1.05 miles away

A

Aberdeen High School

251 Paradise Rd, Aberdeen, MD, 21001

Grades 9-12

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.