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Essex Medical Center 404-406 Eastern Blvd 9,148 SF 95% Leased Office Building Essex, MD 21221 $1,350,000 ($147.57/SF) 8% Cap Rate
Investment Highlights
- Medical/Office Space Available in Essex.
- Ample On-Site Parking Spaces.
Executive Summary
Fantastic retail building for sale, 95% leased. With 2 long term tenants (insurance agency and pharmacy) and one new daycare tenant this property is a great stabilized asset. The building offers 22 parking spaces that are available, a rarity among Eastern Blvd. As a value add there is a large lower level that is available for storage or similar use to make additional income. Rent roll and expense data available in documents section.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
9,148 SF
Building Class
B
Year Built/Renovated
1965/1991
Price
$1,350,000
Price Per SF
$147.57
Cap Rate
8%
NOI
$108,000
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,148 SF
Building FAR
0.49
Lot Size
0.43 AC
Zoning
BL,CCC, County - Business Local. Typical Uses Permitted by Right: Retail Sales, Personal Services, Restaurant, Bank, Office, Tavern, Food Store, And Medical Clinic.
Parking
28 Spaces (3.5 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $800 | Total Assessment | $723,433 |
Property Taxes
Parcel Numbers
Land Assessment
$800
Improvements Assessment
$0
Total Assessment
$723,433
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Essex Medical Center | 404-406 Eastern Blvd
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