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$1,650,000
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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 $82,039/yr on a corporately guaranteed, Double-Net (NN) lease with 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 5% 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. 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 property's 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.
Full Property Details
Full Property Details for 614 S Philadelphia Blvd
General
- Price: $1,650,000
- Taxes: $10,262 (2023)
- Status: Active
- Type: Commercial
- Source: BrightMLSMidAtlantic
- MLS ID: MDHR2018468
- Updated: 8/7/2024
- Added to Site: 923 day(s) ago
Business
- Business Type: Auto Related, Other
Parking
- Total Spaces: 28
- Parking Type: Parking Lot
Location
- Municipality: Aberdeen
- County: Harford
- Driving Directions: R on philadelphia
- City Limits: Yes
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Other
- Heating Type: Other
- Heating Fuel: Other
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Block
- Drive-In Doors: 3
- Stories/Levels: 0
- Year Built: 2005
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.84
- Lot Size (Sq. Ft.): 36,590
- Lot Size Source: Assessor
- Zoning: B3
Financial Considerations
- Price Per Sq. Ft.: $501.67
- Assessment Year: 2023
- City/TownTax: $4,063
- City/TownTax Freq: Annually
- County Tax: $6,198
- County Tax Freq: Annually
- Tax w/Assessment: $650,200
- Tax Amount: $10,262
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 2
Listed by Garceau Realty, David R Feazell
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Schools
Schools serving 614 S Philadelphia Blvd
School District:Harford County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
810 Edmund St, Aberdeen, MD 21001 | PK-5 | 0.6 mi | |
111 Mount Royal Ave, Aberdeen, MD 21001 | 6-8 | 1 mi | |
251 Paradise Rd, Aberdeen, MD 21001 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
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School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 614 S Philadelphia Blvd
Date
Details
Price
Change
Source
12/09/2022
Listed
$1,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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614 S Philadelphia Boulevard, Aberdeen, MD 21001 (MLS# MDHR2018468) is a Commercial property. 614 S Philadelphia Boulevard is currently listed for $1,650,000 and was received on December 09, 2022. Want to learn more about 614 S Philadelphia Boulevard? Do you have questions about finding other Commercial real estate for sale in Aberdeen? You can browse all Aberdeen real estate or contact a Coldwell Banker agent to request more information.