REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by David R Feazell • Garceau Realty
$ 2,000,000
Est. payment | /mo
0.84 Acres Lot
$ 2,000,000
Est. payment | /mo
0.84 Acres Lot
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
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.
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
GET MORE INFORMATION
Follow Us