Bought with Kimberly Y Roy • Long & Foster Real Estate, Inc.
$127,500
$129,900
1.8%For more information regarding the value of a property, please contact us for a free consultation.
2,955 Sqft Lot
SOLD DATE : 12/07/2018
Key Details
Sold Price $127,500
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Melwood Townhouse Office Condos
MLS Listing ID 1002017342
Sold Date 12/07/18
HOA Y/N Y
Year Built 1990
Annual Tax Amount $2,020
Tax Year 2017
Lot Size 2,955 Sqft
Acres 0.07
Property Sub-Type Office
Source MRIS
Property Description
This Office Condo right off of Marlboro Pike and Pennsylvania Ave is in a busy office complex. Zoned for a multitude of Office types. Since there is a tenant in the office currently this is a great opportunity for investors. The Tenant whose lease is currently Month to Month wishes to remain and lease is ready to be renegotiated. Cap Rate is 9.5%. Lease restructure could easily raise cap above 10%
Location
State MD
County Prince Georges
Zoning CO
Interior
Hot Water Other
Heating Other
Cooling Other
Fireplace N
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Septic Exists
Water Public
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Tax ID 17151733468
Ownership Fee Simple
Special Listing Condition Standard
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Partner | Lic# RS284038