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1st Floor - Unit 301
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Retail
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4,795 SF
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$839,000 USD
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Unit Size: 4,795 SF
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Condo Use: Retail
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Price: $839,000 USD
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Sale Type: Owner User
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Price/SF: $174.97 USD
Description
HUGE PRICE REDUCTION BY $50,000 - INVESTMENT SALE - OVER 8.5% CAP RATE. Office/Retail Condominium Unit (Approx. 4,795 SF) on 1st Floor in Heart of La Plata, MD. Floor plan includes private office, two (2) 2-stall restrooms, open floor area with sales counter and outdoor patio. The space has three (3) entrances to the exterior parking and one (1) entrance onto the patio. Close proximity to Charles County Courthouse, Charles Regional Medical Center, Charles County Government Offices and La Plata Town Hall. Currently leased by Meridian Gym until July 31, 2028 w/ negotiated three (3) year renewal term. Estimated NOI (2025) = $72930 (Includes 5% Vacancy Rate). NNN Lease. Copy of Lease Available After Signing NDA.
Sale Notes
Currently leased by Meridian Gym until July 31, 2028 w/ negotiated three (3) year renewal term. NNN Lease. Copy of Lease Available After Signing NDA.
Current Condo Fee: $1,274.06 per month or $15,288.72 per year
Real Estate Taxes: $1,015.22 per month or $12,182.67 per year
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Anne Hooper
Hooper & Associates
