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Unit Size: 3,312 SF
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Condo Use: Medical Office
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Price: $315,000 USD
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Sale Type: Owner User
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Price/SF: $95.11 USD
Description
Feldman Ruel is pleased to offer for sale 5632 Annapolis Road, Units 1 & 2, an expansive 3,312-square-foot, street-level medical office condominium, formerly used as an orthopedic clinic. This offering features five exam rooms including an x-ray room, a four-bed ward, a reception desk, waiting area, and four restrooms, providing an ideal setup for a variety of medical office users. 5632 Annapolis Road, Units 1 & 2 are positioned to serve a dense local population of more than 23,000 residents within one mile and more than 75,000 residents within two miles. The subject property also stands to benefit from the 1,300 new housing units planned at the 44-acre, mixed-use Cheverly Hospital Redevelopment, which is a three-minute drive away.
Sale Notes
The subject property is a two-minute drive from the Baltimore-Washington Parkway and a five-minute drive from U.S. Route 50, U.S. Route 1 Alternate, and Washington, D.C. 5632 Annapolis Road, Units 1 & 2 are positioned to serve a dense local population of more than 23,000 residents within one mile and more than 75,000 residents within two miles. The subject property also stands to benefit from the 1,300 new housing units planned at the 44-acre, mixed-use Cheverly Hospital Redevelopment, which is a three-minute drive away.
Currently built out for medical office use, the subject property’s zoning allows for a wide range of permitted uses, including medical, office, educational, and retail, offering investors the flexibility to attract a diverse tenant mix and generate strong rental income.