1919 Hanover PikeHampstead, MD 21074

Property Details for 1919 Hanover Pike

Year built

1948

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.07 AC

Property size (Sq ft)

1,920 SF

Zone code

C-2

Property type

Retail space

APN

08-007055

APU

8007055

Description

This exceptional Hampstead, MD commercial property presents a unique investment opportunity. The offering includes a thriving auto dealership and repair shop, housed within two substantial buildings situated on a 1.07-acre lot. The main building, recently renovated, boasts over 2,400 square feet of versatile space. This includes a spacious client area, a dedicated employee lounge and kitchenette, a two-car garage fully equipped with lifts, compressors, and tire machines, plus ample parts storage. A finished basement provides additional storage. A second building, constructed approximately four years ago, offers approximately 2,400 square feet of space, featuring four large commercial bays with 12-foot ceilings, overhead doors, LED lighting, and efficient heating. Both buildings benefit from a comprehensive security system with perimeter cameras and a privacy fence. The expansive lot accommodates approximately 50 cars in the front and over 100 in the fenced backyard. The property's C-zoning allows for continued operation of the existing auto business or a complete transformation into various ventures, including retail, restaurant, or even a gas station. The total square footage is 2,560 square feet. A tow truck is also available for purchase, offering potential for additional income streams. This turnkey operation presents a rare chance to acquire a profitable business and a substantial commercial property in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $428,799

  6.5%

  $395,815

  7%

  $367,542

• Comparable approach

  Method

  Valuation

  Relative Method

  $304,384

  Geo Method

  $304,384

• Alternative Use

  Use

  Valuation

  Residential

  $333,885

  Hospitality

  $305,837

  Educational

  $254,452

  Medical

  $263,203

  Retail

  $395,815

Location Insight

City

Hampstead

County

Carroll

State

Maryland

Latitude

39.6266

Longitude

-76.8597

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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