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600 Fairmount Ave
Towson, MD 21286
Fairmount Green · Office Property For Sale
·
23,000 SF
INVESTMENT HIGHLIGHTS
- Second floor corner unit
- Existing furniture is negotiable
- Walk to all Towson restaurants and amenities
- 7 reserved parking spaces included
- Professional property management
- Local lenders offering up to 85/15 LTV
EXECUTIVE SUMMARY
3 story general business office condominium regime in Towson. The building features on site parking and professional property management . Owners enjoys all the economic advantages of real estate ownership with no management responsibilities.
PROPERTY FACTS
| Total Building Size | 23,000 SF | Typical Floor Size | 7,670 SF |
| Property Type | Office (Condo) | Year Built | 1988 |
| Property Subtype | Loft/Creative Space | Lot Size | 1.15 AC |
| Building Class | C | Parking Ratio | 3.26/1,000 SF |
| Floors | 3 | ||
| Zoning | RO, County - RO - Residential Office - designed for areas no longer viable as single-family residential areas. No medical uses permitted by restrictive covenants | ||
| Total Building Size | 23,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Loft/Creative Space |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 7,670 SF |
| Year Built | 1988 |
| Lot Size | 1.15 AC |
| Parking Ratio | 3.26/1,000 SF |
| Zoning | RO, County - RO - Residential Office - designed for areas no longer viable as single-family residential areas. No medical uses permitted by restrictive covenants |
AMENITIES
- Bus Line
- Natural Light
1 UNIT AVAILABLE
Unit 206
| Unit Size | 1,907 SF | Sale Type | Owner User |
| Condo Use | Office | No. Parking Spaces | 7 |
| Unit Size | 1,907 SF |
| Condo Use | Office |
| Sale Type | Owner User |
| No. Parking Spaces | 7 |
DESCRIPTION
Fully improved general business office condominium on the NW corner of the building fronting Fairmount Avenue. The floor plans features 3 private offices, conference room, kitchen, storage and central bullpen area. seven reserved parking spaces are included.
SALE NOTES
Assume 80/20 LTV with local lenders with 20% down and financing $266,980 @ 6.5% and a 25 year amortization = $1803 monthly mortgage payment ($11.34 sf) plus $1,192 monthly condo fee, $2,224 annual special assessment and $5,032 annual real estate taxes. Average BGE runs $75 monthly. Why lease when you can own for less.
Floor Plan
Floor Plan
