This Retail Property is Off-Market.

8514 Veterans Highway
Millersville, MD 21108 ·

44,472 SF · Retail For Sale

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Sports & Fitness

Price N/A Cap Rate 7.50%
Building Size 44,472 SF No. Stories 2
Property Type Retail Tenancy Single
Property Sub-type
Retail (Other)
More...
  • Free Standing Bldg
  • Specialty Center
  • Special Purpose (Other)
Year Built 1981
Property Use Type Investment Lot Size 2.90 AC
Commission Split 3% APN / Parcel ID 0112
Listing ID: 17898066 Date Created: 10/31/2012 Last Updated: 05/31/2013

Description

Business For Sale - Business for sale includes the property as well. The actual lot size is 2.93 acres-Great opportunity to purchase the property and its well managed Sports & Fitness Club, with 1900 Members & 44,472 sf of sports facilities. At the purchaser's option, the staff can run and manage the operations and deliver 7.5% cap - terms are negotiable. Excellent visibility directly on Highway 97 - Contact the listing agent for additional info and a private showing.

Anne Arundel County is ranked 1st in Maryland for defense contracts. Defense contracts have nearly tripled with 260% increase. The County is preparing to become a destination point for thousands of employees. Anne Arundel County contains Baltimore/ Wash Int'l Airport (BWI), which serves 17 million passengers each year. Rail service in the County is outstanding with both Amtrak & Conrail service. In addition, the County an outstanding highway system and bus service with Interstate Highways (I-97 and I-195) and major freeways (Rte. 100 & MD. 32)
The Washington-Baltimore contains 7.3 million persons and is fourth largest metropolitan area in the US. The County has estimated current population of about 512,790 persons (2008) and its anticipating a growth of 552,700 persons by 2020.

Highlights

  • 7.5 % CAP
  • 1900 Members & 44,472 SF of Sports and Training Facilities
  • Efficient Management in Place - Purchaser does not have to do anything!!!
  • Terms Negotiable
  • Room for Future Growth
  • Great Indoor Pool & separate Jacuzzi

Research

8514 Veterans Highway, Millersville, MD 21108 (Anne Arundel County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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