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716 Monterey Ave
Annapolis, MD 21401
Office Property For Sale
Executive Summary
The West Annapolis Medical Building is a fully-renovated, three-story medical office building in the heart of Annapolis. For the first time, a single owner-user can acquire the asset and occupy up to 10,736 contiguous square feet - a footprint that simply isn't available on the open market.
In-place medical tenants occupy the balance of the building, producing income that helps carry ownership from day one. Combined with SBA financing, it's a rare chance to convert rent into equity in one of the Mid- Atlantic's tightest medical-office markets.
In-place medical tenants occupy the balance of the building, producing income that helps carry ownership from day one. Combined with SBA financing, it's a rare chance to convert rent into equity in one of the Mid- Atlantic's tightest medical-office markets.
Property Facts
Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
15,679 SF
Building Class
B
Year Built
1991
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,226 SF
Slab To Slab
10’
Building FAR
0.51
Lot Size
0.71 AC
Zoning
PM, Annapolis
Parking
85 Spaces (5.42 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 06-000-00770000 | Improvements Assessment | $2,925,300 |
| Land Assessment | $1,102,700 | Total Assessment | $4,028,000 |
Property Taxes
Parcel Number
06-000-00770000
Land Assessment
$1,102,700
Improvements Assessment
$2,925,300
Total Assessment
$4,028,000
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