5606 Belair RdBaltimore, MD 21206

Property Details for 5606 Belair Rd

Year built

1930

Construction

BRICK

Lot size

0.18 AC

Property size (Sq ft)

4,000 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Auto shops

APN

27-02-5815 -004

APU

27025815004

Description

This exceptional turnkey automotive repair and body shop, located at 5606 Belair Road in Baltimore, Maryland, presents a lucrative investment opportunity. The 4,000 square foot facility, built in 1930 and extensively renovated in 2017, boasts three service bays and is equipped with all necessary equipment, included in the asking price of $850,000 ($212.50/sq ft). The property sits on an 8,000 square foot lot, offering ample space, including a 4,000 square foot fenced and secure rear lot providing additional parking. Recent upgrades include a new roof, HVAC system, and energy-efficient LED lighting. A significant advantage is the presence of a U-Haul rental business on-site, generating additional revenue streams. The property benefits from its high-traffic location on Belair Road, with over 20,000 cars passing daily, and enjoys the proximity of Caliber Collision, a major referral source. The C-3 zoning permits a variety of uses, ensuring future flexibility. This well-established business is ready for immediate operation, offering a strong return on investment. Additional off-street parking is available. The property's location in Baltimore, MD, zip code 21206, provides easy access to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $1,267,864

  6.5%

  $1,170,336

  7%

  $1,086,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $634,133

  Geo Method

  $634,133

• Alternative Use

  Use

  Valuation

  Residential

  $987,222

  Hospitality

  $904,290

  Educational

  $752,359

  Medical

  $778,234

  Retail

  $1,170,336

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.3413

Longitude

-76.5476

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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