201 Hanover Pike - Service Station FOR SALE


Hampstead, MD 21074
$1,500,000 USD
443-865-3941
201 Hanover Pike, Hampstead, MD for Sale
$1,500,000 USD
Service Station - FOR SALE
1/18
null | Request Cap Rate

NEW


201 Hanover Pike
Hampstead, MD 21074


HIGHLIGHTS

  • Strong Sales & Cash Flow – Generates $1.6M+ annually, with 85–91% from fuel sales and growing non-fuel categories adding diversification.
  • Strong Sales & Cash Flow – Generates $1.6M+ annually, with 85–91% from fuel sales and growing non-fuel categories adding diversification.
  • Strong Sales & Cash Flow – Generates $1.6M+ annually, with 85–91% from fuel sales and growing non-fuel categories adding diversification.
  • Tenant Mix – Marathon/Gulf anchor and additional retail tenants ensure stability, while offering room to expand ancillary income streams.
  • Recovery Potential – 2025 lease transition gives buyers rare upside to capture sales rebound and reposition for long-term operational success.
  • Parking & Access – 20 on-site parking spaces support both retail and fuel operations, enhancing customer convenience and traffic flow.

OVERVIEW

Corner Mart Marathon presents a rare opportunity to acquire a stabilized, necessity-driven retail asset with strong historical revenues, additional residential rental income, and significant upside potential. Strategically positioned with prime Hanover Pike frontage, this property benefits from excellent visibility, flexible lease structures, and a robust local customer base, making it an ideal investment for both seasoned operators and growth-focused investors. With a track record of consistent sales, Corner Mart Marathon has generated over $1.6 million annually in both 2023 and 2024. Fuel sales remain the dominant revenue stream, accounting for 85–91% of total sales, while non-fuel categories showed notable growth in 2024, highlighting untapped potential and diverse income sources. This proven performance ensures immediate, reliable cash flow while offering meaningful opportunities to expand profitability through optimized operations and ancillary revenue streams. Backed by strong market fundamentals and necessity-based demand, this property offers stability in the near term and scalability for the future. Its combination of fuel dominance, growing in-store sales, and supplemental rental income positions Corner Mart Marathon as a rare cash-flowing asset with long-term growth potential in a competitive market. 2025 Update – Positioned for Recovery Sales in 2025 are reported year-to-date under a new lease holder. While YTD sales are below prior years, this provides a unique opportunity for a new owner to capture recovery and growth. Importantly, the current lease can be terminated at the buyer’s discretion, providing full flexibility to implement operational and strategic changes. Additional Residential Income The property includes three on-site apartments that currently generate approximately $45,600 annually under verbal leases. A new owner can either continue collecting this residential rental income or take possession with vacant units, offering options for repositioning or redevelopment. Investment Highlights This high-visibility property generates over $1.6M in annual sales and continues to show upside with stronger fuel margins and non-fuel sales in 2024. With flexibility to terminate the current lease and reset operations, buyers can take advantage of immediate recovery potential. Three on-site apartments add nearly $46K in annual income or can be delivered vacant, while the site’s 193 feet of frontage on Hanover Pike (MD-30) captures more than 18,800 vehicles daily. Twenty parking spaces and a mix of strong tenants, including Marathon/Gulf, support both retail and fuel operations. The property sits in a thriving corridor surrounded by national brands, QSRs, and service-based businesses. Property Overview • Building Size: 4,712 SF • Lot Size: 0.70 Acres • Zoning: Commercial / Retail Service Station • Parking: 20 spaces Market & Demographics Located in Hampstead, part of the Baltimore metro, the property benefits from strong area fundamentals: a population of 22,000 within five miles, household incomes averaging $98K, and $774M in buying power within a 10-minute drive. Retail vacancy is just 2.5%, with limited new construction, creating a favorable environment for sustained growth. Scheduled Property Tours: To schedule a tour, please contact David Lowry at 443-865-3941 or email david@realmarkets.com.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$318 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C-2

APN/PARCEL ID

08-025770

ASK ABOUT THIS PROPERTY

David LowryCentury 21 Commercial New MillenniumMore Info
443-865-3941

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David LowryCentury 21 Commercial New MillenniumMore Info
443-865-3941

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.