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105 Centennial St 4,795 SF Retail Condo Unit Offered at $839,000 in La Plata, MD 20646
PROPERTY FACTS
| Total Building Size | 26,000 SF | Typical Floor Size | 8,667 SF |
| Property Type | Office (Condo) | Year Built | 2007 |
| Property Subtype | Medical | Lot Size | 0.21 AC |
| Building Class | A | Parking Ratio | 1.03/1,000 SF |
| Floors | 3 | ||
| Zoning | Central Business - This zone provides appropriate locations for high-intensity commercial uses and encourages development consistent with a traditional downtown area. | ||
| Total Building Size | 26,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | A |
| Floors | 3 |
| Typical Floor Size | 8,667 SF |
| Year Built | 2007 |
| Lot Size | 0.21 AC |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | Central Business - This zone provides appropriate locations for high-intensity commercial uses and encourages development consistent with a traditional downtown area. |
AMENITIES
- 24 Hour Access
- Central Heating
- High Ceilings
- Natural Light
- Open-Plan
- Air Conditioning
1 UNIT AVAILABLE
Unit 301
| Unit Size | 4,795 SF | Sale Type | Owner User |
| Price | $839,000 | Sale Conditions | Lease Option |
| Price Per SF | $174.97 | APN/Parcel ID | 01-083775 |
| Condo Use | Retail |
| Unit Size | 4,795 SF |
| Price | $839,000 |
| Price Per SF | $174.97 |
| Condo Use | Retail |
| Sale Type | Owner User |
| Sale Conditions | Lease Option |
| APN/Parcel ID | 01-083775 |
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
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Meridian fitness |
-
|
July 2028
|
Presented by
105 Centennial St
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