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About This Home
This 0-bedroom, 0-bathroom commercial at 614 S PHILADELPHIA Boulevard in Aberdeen, MD is listed for $2,000,000. Built in 2005, on a 0.84 acres lot.
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.
Key Features
- Built in 2005
- 0.84 acre lot
- 28 parking spaces
Property Details
Monthly Cost Estimate
$10,696/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
614 S PHILADELPHIA Boulevard
Aberdeen, MD 21001
Property Details
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 614 S PHILADELPHIA Boulevard is listed at $2,000,000. The estimated monthly payment is $8,667 based on 20% down at 6.5% interest.
Key features include: Built in 2005, 0.84 acre lot, 28 parking spaces.
This property is listed by David R Feazell and can be reached at 4432997937 or dfeazell@garceaurealty.com.