1766 Joppa RdParkville, MD 21234

Property Details for 1766 Joppa Rd

Year built

1994

Construction

BRICK

Lot size

0.30 AC

Property size (Sq ft)

2,912 SF

Zone code

BRCS2

Property type

Retail properties

Property subtype

Auto shops

APN

09-0923154557

APU

90923154557

Description

This exceptional 2,912-square-foot auto shop, located at 1766 E Joppa Rd in Parkville, Maryland, 21234, presents a fantastic opportunity for a discerning business owner. Situated on a 13,020-square-foot lot, this single-tenant retail space boasts a prime location on busy Joppa Rd, ensuring high visibility and accessibility. Built in 1994 and renovated in 2000, the property is in excellent condition, requiring minimal tenant improvements. The building features five drive-in garage doors, five lifts for repair services, a large retail reception area, a small separate office, and ample storage rooms. The property also includes 17 parking spaces, pylon signage on the Joppa Rd corner, and building signage, ensuring maximum brand exposure. Recent upgrades include updated LED lighting, an updated air compressor, and an updated heating system. The property is zoned BM and is a one-story building. This turnkey operation allows for immediate occupancy, making it an ideal choice for an established or emerging auto repair business. The property's convenient location, ample parking, and modern amenities make it a truly exceptional investment opportunity. Cross street is Eddington Rd.

• CAP approach

  CAP return

  Valuation

  6%

  $923,005

  6.5%

  $852,004

  7%

  $791,147

• Comparable approach

  Method

  Valuation

  Relative Method

  $461,649

  Geo Method

  $461,649

• Alternative Use

  Use

  Valuation

  Residential

  $718,698

  Hospitality

  $658,323

  Educational

  $547,717

  Medical

  $566,554

  Retail

  $852,004

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Latitude

39.3992

Longitude

-76.5561

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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