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614 S Philadelphia Blvd
For Sale $1,650,000
$1,650,000
- 1 Units
- Unknown Sq Ft
- 36,590 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,650,000 |
| Property Type | Retail |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2005 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 1302398086 |
| MLS # | MDHR2018468 |
| Property ID | 318990565 |
| Lot Sqft | 36,590 |
| Zoning | B3 |
| Total Units | 1 |
| Days on Market | 784 |
| Original List Price | Unknown |
| Date Updated | December 02, 2024 |
| Date Created | December 08, 2022 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
David R Feazell an agent of .
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Data last updated: January 30, 2025.
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