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1805 E Joppa Rd 1,440 SF 100% Leased Office Building Towson, MD 21234 $450,000 ($312.50/SF) 6.13% Cap Rate
Executive Summary
Don't miss the opportunity to own this commercial property on busy Joppa Road. NNN offering. Tenant in place who pays all related expenses for this renovated property. The property boasts a new concrete pad with a new outdoor shed for additional storage. The second floor has additional space for offices or storage. There is also a basement that can be used for storage via a separate entrance. Plenty of parking.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
1,440 SF
Building Class
C
Year Built
1949
Price
$450,000
Price Per SF
$312.50
Cap Rate
6.13%
NOI
$27,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,440 SF
Slab To Slab
10’
Building FAR
0.15
Lot Size
0.23 AC
Zoning
BL - Business Local. Typical Uses Permitted by Right: Retail Sales, Personal Services, Restaurant, Bank, Office, Tavern, Food Store, Medical Clinic
Parking
10 Spaces (6.94 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 09-0923500240 | Improvements Assessment | $95,600 |
| Land Assessment | $221,300 | Total Assessment | $316,900 |
Property Taxes
Parcel Number
09-0923500240
Land Assessment
$221,300
Improvements Assessment
$95,600
Total Assessment
$316,900
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1805 E Joppa Rd