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600 Fairmount Ave
Towson, MD 21286 Towson Circle

$305,000 USD

Loft Creative Space Condo For Sale  •  1,907 SF

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 23,000 SF
  • Lot Size 1.15 AC
  • Building Class C
  • Year Built 1988
  • Tenancy Multiple
  • Zoning RO, County
65 Transit Score
92 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 206 Office 1,907 SF $305,000 USD
  • Unit Size: 1,907 SF
  • Condo Use: Office
  • Price: $305,000 USD
  • Sale Type: Owner User
  • Price/SF: $159.94 USD
Description
Fully improved general business office condominium on the NW corner of the building fronting Fairmount Avenue. The floor plans features 3 private offices, conference room, kitchen, storage and central bullpen area. seven reserved parking spaces are included.

Sale Notes
Assume 80/20 LTV with local lenders with 20% down and financing $266,980 @ 6.5% and a 25 year amortization = $1803 monthly mortgage payment ($11.34 sf) plus $1,192 monthly condo fee, $2,224 annual special assessment and $5,032 annual real estate taxes. Average BGE runs $75 monthly. Why lease when you can own for less.

Description 

3 story general business office condominium regime in Towson. The building features on site parking and professional property management . Owners enjoys all the economic advantages of real estate ownership with no management responsibilities.

Highlights

Second floor corner unit
7 reserved parking spaces included
Some furniture is negotiable
Professional property management
Walk to all Towson restaurants and amenities
Local lenders offering up to 85/15 LTV

Financial Summary

Total Expenses: $11 USD

Major Tenants

Tenant SF Occupied Lease End Date
Baldwin Law Group
BLG Real Estate, LLC
Christine Nielson - Attorney
Finance Factory
Forecast Strategic & Advisors
JVL Logistic & Consulting
Knights of Columbus
Nazelrod & Associates
Sackett Cooke & Associates
Vinod Thankappan & Associates, PA

Amenities

  • Bus Line
  • Natural Light

Public Transportation

Commuter RailDriveWalkDistance
Penn Station (PENN - WASHINGTON - Maryland Area Regional Commuter Trains (The MARC), Penn Line - Maryland Area Regional Commuter Trains (The MARC), Penn Station & Camden Yards - Maryland Area Regional Commuter Trains (The MARC)) 19 min - 8.0 mi
AirportDriveWalkDistance
Baltimore/Washington International Thurgood Marshall 39 min - 25.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 75
Type: Surface
Included in Rent: Yes
Christopher Smith 410-382-1869 TriAlliance Commercial Real Estate Services
Christopher Smith 410-382-1869 TriAlliance Commercial Real Estate Services