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205 E Joppa Rd
Towson, MD 21286
Ridgely Condominiums - Office Suite 102 · Office Property For Sale
·
13,000 SF
Investment Highlights
- Fully improved office condominium
- Pool
- 3 deeded reserved parking garage spaces
- Excercise and Event Room
Executive Summary
Fully improved general business office condominium. Zoning permits medical uses as well. The unit features a reception area, 5 offices, and 2 restrooms. The unit conveys with 3 deeded covered parking spots. The condo fee includes HVAC maintenance and repair, electricity, exterior building maintenance, heat, lawn care, security, snow removal, trash removal, management, insurance, water, alarm system, pool and exercise and event room.
Property Facts
| Total Building Size | 13,000 SF | Typical Floor Size | 13,000 SF |
| Property Type | Office (Condo) | Year Built | 1975 |
| Building Class | C | Lot Size | 1.80 AC |
| Floors | 1 | Parking Ratio | 6.54/1,000 SF |
| Zoning | BM-CT - Business Major- Typical uses include service garage, hotel, theatre, warehouse, automobile sales and night clubs | ||
| Total Building Size | 13,000 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 13,000 SF |
| Year Built | 1975 |
| Lot Size | 1.80 AC |
| Parking Ratio | 6.54/1,000 SF |
| Zoning | BM-CT - Business Major- Typical uses include service garage, hotel, theatre, warehouse, automobile sales and night clubs |
Amenities
- Natural Light
1 Unit Available
Unit 105
| Unit Size | 1,450 SF | Sale Type | Owner User |
| Condo Use | Office | No. Parking Spaces | 3 |
| Unit Size | 1,450 SF |
| Condo Use | Office |
| Sale Type | Owner User |
| No. Parking Spaces | 3 |
Description
Fully improved general business office condominium. Zoning permits medical uses as well. The unit features a reception area, 5 offices, and 2 restrooms. The unit conveys with 3 deeded covered parking spots.
Sale Notes
Local lenders are offering competitive owner occupancy financing. Assume 80/20 LTV with $42,050 down and financing $168,200 @ 6.5% and a 25 year amortization = $1,136 monthly mortgage payment ($9.40 rsf) + $981.42 monthly condo fees and $4,139.78 annual real estate taxes. The condo fee includes HVAC maintenance and repair, electricity, exterior building maintenance, heat, lawn care, security, snow removal, trash removal, management, insurance, water, alarm system, pool, and exerciseand event room.
