Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2005
Sq.Footage
N/A
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Other
-
Heating YN
YES
-
Heating
Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Parking
Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.84
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$2,000,000
-
Tax Amount
10262.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
HARFORD
Elementary School
Middle School
High School
Listing Courtesy of David R Feazell , Garceau Realty
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