Log In/Sign Up
Your email has been sent.
Lender-Driven | Service Station C-Store + MF 201 Hanover Pike 4,712 SF 100% Leased Retail Building Online Auction Sale Hampstead, MD 21074
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Corner Mart Marathon presents a rare chance to acquire a stabilized, necessity-driven retail asset with an additional three apartments.
- Offering investors strong historical revenues with additional rental incomes and significant upside potential.
- Near additional retailers such as 7-Eleven, Weis Markets, McDonald’s, Dunkin’, Outlaw BBQ, Fika Coffee Bar, and more.
- Situated on Hampstead’s major thoroughfare, this property sees lofty traffic counts with an estimated 18,864 vehicles per day.
- Located near several big-name distribution centers such as Penguin Random House, Black & Decker, and Jos. A. Bank.
- Hampstead is an established community with over 50,900 employees in a 10-mile radius of Corner Mart Marathon.
EXECUTIVE SUMMARY
201 Hanover Pike presents an exceptional investment opportunity for portfolio diversification through its multifaceted property offerings.
This 4,712-square-foot asset features a gas station, convenience store, and three multifamily residential apartments. The property offers premier street frontage and signage highly visible along Hanover Pike. The commercial lease extends through 2034 with an option to renew. Residential units include two one-bedroom/one-bathroom apartments and one two-bedroom/two-bathroom apartment, all currently occupied under verbal lease agreements. Prospective buyers have the flexibility to continue existing leases, formalize new agreements, or terminate them as preferred, allowing for the preservation of current income streams or property repositioning. The property's combination of substantial fuel sales, increasing in-store revenue, and additional income sources makes Corner Mart Marathon a compelling, cash-flowing asset with significant long-term growth prospects.
Hampstead is located north of Baltimore and provides suburban and small-town environments with access to larger regional markets. The property features 193 feet of frontage on Hanover Pike, which is a main road through Hampstead. Several employers operate in the area, contributing to consistent daily traffic. Industries represented include manufacturing, logistics/distribution, and corporate headquarters. Fuchs North America operates its North American headquarters for the Fuchs Gruppe at this location, including manufacturing facilities, R&D laboratories, sensory and tasting rooms, and an extensive campus. Penguin Random House maintains a one-million-square-foot distribution facility in Hampstead. Various retailers and restaurants are also present in the vicinity, offering additional amenities.
This asset also benefits from being a part of the Greater Baltimore market. Baltimore is a resilient East Coast market that appeals to both investors and owner/users. The city attracts people with its world-class healthcare and educational institutions, vibrant culture and history, strategic regional access, and relatively affordable cost of living.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This 4,712-square-foot asset features a gas station, convenience store, and three multifamily residential apartments. The property offers premier street frontage and signage highly visible along Hanover Pike. The commercial lease extends through 2034 with an option to renew. Residential units include two one-bedroom/one-bathroom apartments and one two-bedroom/two-bathroom apartment, all currently occupied under verbal lease agreements. Prospective buyers have the flexibility to continue existing leases, formalize new agreements, or terminate them as preferred, allowing for the preservation of current income streams or property repositioning. The property's combination of substantial fuel sales, increasing in-store revenue, and additional income sources makes Corner Mart Marathon a compelling, cash-flowing asset with significant long-term growth prospects.
Hampstead is located north of Baltimore and provides suburban and small-town environments with access to larger regional markets. The property features 193 feet of frontage on Hanover Pike, which is a main road through Hampstead. Several employers operate in the area, contributing to consistent daily traffic. Industries represented include manufacturing, logistics/distribution, and corporate headquarters. Fuchs North America operates its North American headquarters for the Fuchs Gruppe at this location, including manufacturing facilities, R&D laboratories, sensory and tasting rooms, and an extensive campus. Penguin Random House maintains a one-million-square-foot distribution facility in Hampstead. Various retailers and restaurants are also present in the vicinity, offering additional amenities.
This asset also benefits from being a part of the Greater Baltimore market. Baltimore is a resilient East Coast market that appeals to both investors and owner/users. The city attracts people with its world-class healthcare and educational institutions, vibrant culture and history, strategic regional access, and relatively affordable cost of living.
Property tours are available by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOUR
3D Exterior
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title Commitment
- Miscellaneous
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Building Size
4,712 SF
Building Class
B
Year Built/Renovated
1978/2024
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.70 AC
Parcel Number
08-025770
Zoning
C-2 - C-2 zoning permits medium-intensity commercial, office, institutional, and limited residential uses, more intense than low-intensity zones.
Parking
20 Spaces (4.24 Spaces per 1,000 SF Leased)
Frontage
193’ on Hanover
AMENITIES
- Signage
- Air Conditioning
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
929
11,494
22,258
2020 Population
934
11,457
22,501
2029 Population
948
11,733
22,628
2024-2029 Projected Population Growth
2.1%
2.1%
1.7%
Daytime Employees
646
3,511
6,377
Total Businesses
59
473
756
Average Household Income
$109,069
$117,459
$125,414
Median Household Income
$86,071
$91,968
$98,347
Total Consumer Spending
$12.7M
$169.7M
$340.5M
Median Age
39.2
41.6
43.3
2024 Households
347
4,439
8,428
Percent College Degree or Above
29%
23%
23%
Average Home Value
$397,055
$408,333
$435,488
$ values in USD
SALE ADVISOR
SALE ADVISOR
David Lowry, Director, Commercial Accelerated Sales
David is an accomplished Director of Commercial Accelerated Sales for RealMarkets, a CENTURY 21 New Millennium Team. With over 20 years of experience in Commercial Real Estate, David is a well-known expert in this field. He has worked with esteemed platforms such as Ten-X, and has assisted both institutional and non-institutional sellers and brokers in the sale of real estate transactions.
David has played a crucial role in identifying over $1B in online commercial real estate opportunities across various asset classes, such as office, multifamily, retail, hospitality, industrial, and land. During his tenure as the Senior Director at Ten-X, he ensured a high sell-through rate of 98%, which is one of the highest trade rates in the online auction industry. Before joining the RealMarkets Team, David served as the Head of National Accelerated Marketing for Coldwell Banker Commercial (CBC).
As a specialist in accelerated commercial sales, David's mission is to assist brokers, lenders, owners, and buyers in attaining their objectives with ease, efficiency, and transparency. His expertise in accelerated sales strategies and CRE technology makes him a valuable asset in navigating the dynamic landscape of commercial real estate. David's proficiency in strategic planning, market analysis, and online marketing, coupled with his excellent communication and negotiation skills, has made him the go-to person for online commercial real estate transactions.
David has played a crucial role in identifying over $1B in online commercial real estate opportunities across various asset classes, such as office, multifamily, retail, hospitality, industrial, and land. During his tenure as the Senior Director at Ten-X, he ensured a high sell-through rate of 98%, which is one of the highest trade rates in the online auction industry. Before joining the RealMarkets Team, David served as the Head of National Accelerated Marketing for Coldwell Banker Commercial (CBC).
As a specialist in accelerated commercial sales, David's mission is to assist brokers, lenders, owners, and buyers in attaining their objectives with ease, efficiency, and transparency. His expertise in accelerated sales strategies and CRE technology makes him a valuable asset in navigating the dynamic landscape of commercial real estate. David's proficiency in strategic planning, market analysis, and online marketing, coupled with his excellent communication and negotiation skills, has made him the go-to person for online commercial real estate transactions.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Sophy Cardenas
Contact
Auctioneer License:
Ten-X Vibhav Kapila RE Brkr 660150
1 of 24
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
Presented by
Lender-Driven | Service Station C-Store + MF | 201 Hanover Pike
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Lender-Driven | Service Station C-Store + MF | 201 Hanover Pike
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.