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Vacant-User

7805 Parke West Drive

7805 Parke W Dr, Glen Burnie, MD 21061

Listing Price: $1,900,000

Gross SF
5,529
Rentable SF
5,529
Price/Gross SF
$343.64
Lot Size
0.74 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 7805 Parke West Dr, Glen Burnie, Maryland (the Property). The 5,529 SF car wash is in the highly trafficked Quarterfield Road retail submarket, and it benefits from 24,135 VPD on Quarterfield Road (Rt. 174), numerous recent townhome and multi-family developments and a lack of nearby competing car washes.

The masonry-constructed property was built in 2008 and sits on 0.74-acres of Commercial Highway District (C-4) zoned land which is permissive to a variety of uses. The building features an 1,800 SF office, 1 automatic tunnel wash bay, 1 touch-free bay, 3 self-service bays, and 6 vacuum stations.

The property is adjacent to a Dash-In gas station and C-store and directly across the street from a Wawa anchored strip center. Within 1-minute north of the property sits Quarterfield Crossing Shopping Center which features prominent national retailers such as Sam’s Club, Lowe’s, Aldi and a Walmart super center. Less than 1-minute from the property to the east is an on-ramp to I-97, providing quick access to 139,152 VPD. A new car wash operator is poised to benefit from numerous residential developments surrounding the property such as the Woodside Apartments and Park Glen. The property also sits within a 4-minute drive to BWI Airport.

The car wash currently lacks appropriate signage, does not offer memberships, and does not have an online footprint utilizing SEO. Population density of 41,560 within a 2-mile radius of the property and access to a large number of commuter vehicles should allow a new owner to quickly increase the vehicle capture rate, thus significantly boosting revenue.

This investment offers the unique opportunity to add value to an underperforming car wash with high upside. Given the strength of the location between Baltimore and Annapolis, in a dense commercial corridor, and a lack of competing car washes, a new owner can take over operation and implement a business plan to capitalize on its current inefficiencies.

Investment Highlights

  • High Activity Retail Location Near Quarterfield Crossing Shopping Center
  • Urban Location with 41,560 People and 16,247 Households Within 2-Miles
  • 2008-Built with Soft Cloth Tunnel, Touch-Free Laser and 3 Self-Service Bays
  • Significant Opportunity to Boost Revenue Through Advertising/Promotions
  • Limited Nearby Car Wash Competition Bolsters Value-Add Opportunity
  • Adjacent to Wawa and Dash-In Gas Stations and Busy Retail Strip Center

Exclusively Listed By

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3727

    Email Bryn

    License(s): MD: 646476, DC: BR98372978, FL: BK3079114, VA: 0225215804, PA: ABR005179

    Washington, D.C.

  • John Faus

    Senior Associate

    (202) 536-3718

    Email John

    License(s): MD: 5002763, VA: 0225262810

    Washington, D.C.

Vacant-User

7805 Parke West Drive

Listing Price: $1,900,000

Gross SF
5,529
Rentable SF
5,529
Price/Gross SF
$343.64
Lot Size
0.74 acres
Year Built
2008

Investment Highlights

  • High Activity Retail Location Near Quarterfield Crossing Shopping Center
  • Urban Location with 41,560 People and 16,247 Households Within 2-Miles
  • 2008-Built with Soft Cloth Tunnel, Touch-Free Laser and 3 Self-Service Bays
  • Significant Opportunity to Boost Revenue Through Advertising/Promotions
  • Limited Nearby Car Wash Competition Bolsters Value-Add Opportunity
  • Adjacent to Wawa and Dash-In Gas Stations and Busy Retail Strip Center

Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 7805 Parke West Dr, Glen Burnie, Maryland (the Property). The 5,529 SF car wash is in the highly trafficked Quarterfield Road retail submarket, and it benefits from 24,135 VPD on Quarterfield Road (Rt. 174), numerous recent townhome and multi-family developments and a lack of nearby competing car washes. The masonry-constructed property was built in 2008 and sits on 0.74-acres of Commercial Highway District (C-4) zoned land which is permissive to a variety of uses. The building features an 1,800 SF office, 1 automatic tunnel wash bay, 1 touch-free bay, 3 self-service bays, and 6 vacuum stations. The property is adjacent to a Dash-In gas station and C-store and directly across the street from a Wawa anchored strip center. Within 1-minute north of the property sits Quarterfield Crossing Shopping Center which features prominent national retailers such as Sam’s Club, Lowe’s, Aldi and a Walmart super center. Less than 1-minute from the property to the east is an on-ramp to I-97, providing quick access to 139,152 VPD. A new car wash operator is poised to benefit from numerous residential developments surrounding the property such as the Woodside Apartments and Park Glen. The property also sits within a 4-minute drive to BWI Airport. The car wash currently lacks appropriate signage, does not offer memberships, and does not have an online footprint utilizing SEO. Population density of 41,560 within a 2-mile radius of the property and access to a large number of commuter vehicles should allow a new owner to quickly increase the vehicle capture rate, thus significantly boosting revenue. This investment offers the unique opportunity to add value to an underperforming car wash with high upside. Given the strength of the location between Baltimore and Annapolis, in a dense commercial corridor, and a lack of competing car washes, a new owner can take over operation and implement a business plan to capitalize on its current inefficiencies.

Exclusively Listed By

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3727

    Email Bryn

    License(s): MD: 646476, DC: BR98372978, FL: BK3079114, VA: 0225215804, PA: ABR005179

    Washington, D.C.

  • John Faus

    Senior Associate

    (202) 536-3718

    Email John

    License(s): MD: 5002763, VA: 0225262810

    Washington, D.C.

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