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Listed by David R Feazell • Garceau Realty
$2,000,000
Est. payment /mo
0.84 Acres Lot
New
614 S PHILADELPHIA BLVD Aberdeen, MD 21001
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDHR2048060
Year Built 2005
Annual Tax Amount $10,262
Tax Year 2023
Lot Size 0.840 Acres
Acres 0.84
Property Sub-Type Retail
Source BRIGHT
Property Description
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 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. 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 paved pad site next door to the Precision Tune is included and tenant ready with utilities, curb cuts, and storm water management in place. The lease is guaranteed by PTAC which is owned by parent company Icahn Automotive Group LLC. A developer can connect this large lot to the front pad site to create a large
retail site with frontage & signage on Philadelphia Blvd.
retail site with frontage & signage on Philadelphia Blvd.
Location
State MD
County Harford
Zoning B3
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 28.0
Water Access N
Accessibility Other
Total Parking Spaces 28
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Harford County Public Schools
Others
Tax ID 1302398086
Ownership Fee Simple
Special Listing Condition Standard

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