For Sale
$975,000

11 Maple Ave La Plata, MD 20646

Value-add medical office, 6,138 SF

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This 6,138 square foot medical office building in La Plata, Maryland, presents a compelling value-add investment opportunity. Located at 11 N Maple Ave, 20646, this single-story, 1950-built property sits on a 39,369 square foot lot and is zoned CB. Recently renovated in 2024, the building currently boasts five tenants with a 60% occupancy rate, generating a Net Operating Income (NOI) of $66,100 and a 6.78% capitalization rate. The asking price is $975,000, translating to $158.85 per square foot. The current leases are Net Net + (NN+), and there are no credit ratings available for the tenants. The property offers significant upside potential due to below-market rents and short-term leases. Occupancy is projected to reach full capacity by November 1, 2024. This centrally located property in the thriving town of La Plata provides exceptional accessibility and convenience, making it ideal for a variety of businesses, including retail, office, or light warehouse uses. The property's parcel number is District 01 - Account # 001221. Further details, including the rent roll, are available upon request.

Highlights

  • $975,000 asking price for a 6,138 SF medical office building in La Plata, MD.
  • Value-add investment opportunity with a 6.78% cap rate and $66,100 NOI.
  • Located at 11 N Maple Ave, La Plata, MD 20646, on a 39,369 SF lot.
  • Multi-tenant property (5 tenants) with 60% occupancy, increasing to 100% by 11/01/2024.
  • NN+ leases; No tenant credit rating available.
  • Single-story building (1950 construction, renovated 2024) with CB zoning.

Property Details for 11 Maple Ave

Property type
Retail properties, Office properties
Square Feet
6,138 SF
Year Built/Renovated
1950/2024
Buildings
1
Stories
1

Location Insight

City
La Plata
County
Charles
State
Maryland
Latitude
38.530292489957
Longitude
-76.975827799426

FAQs

What type of property is this?
Retail property - Value-add medical office, 6,138 SF
Where is the retail property located?
The property is located at 11 Maple Ave La Plata, MD.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: $975,000 asking price for a 6,138 SF medical office building in La Plata, MD.; Value-add investment opportunity with a 6.78% cap rate and $66,100 NOI.; Located at 11 N Maple Ave, La Plata, MD 20646, on a 39,369 SF lot.
How can I contact the broker?
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11 Maple Ave
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