For Sale
$358,600

913 Ridgebrook RdSparks Glencoe, MD 21152

Prime Medical Office Condo, 1793 SF, Sparks, MD

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A medical office condominium, located at 913 Ridgebrook Road, Suite 312, Sparks Glencoe, MD 21152, presents a unique owner-user opportunity. Built in 2005, this 1,793 square foot space is ideally suited for a variety of medical practices. The fully improved layout includes multiple exam rooms, a consultation office, two restrooms, a manager's office, a lab, a nurse's station, a reception area, and a comfortable waiting room. The asking price is $358,600, translating to $200 per square foot. Financing options are available through local lenders, offering competitive terms. A potential financing scenario includes an 80/20 loan-to-value ratio (LTV) with a 20% down payment, resulting in a financed amount of $286,880 at a 6.5% interest rate and a 25-year amortization, yielding a monthly principal and interest payment of $1,937 ($12.96 per square foot). In addition to the mortgage payment, there is a $560 monthly condominium fee. Annual real estate taxes are $5,125. This turnkey property offers immediate occupancy and a strong return on investment in a desirable Baltimore County location. The property is conveniently located in Sparks Glencoe, offering easy access to major transportation routes and a thriving community.

Highlights

  • Competitive financing available from local lenders.
  • 80% LTV financing with 20% down payment; $286,880 loan at 6.5% interest, 25-year amortization, resulting in $1,937 monthly principal & interest ($12.96/SF) plus $560 monthly condo fee.
  • Annual property taxes: $5,125.

Property Details for 913 Ridgebrook Rd

Property type
Office properties, Medical offices
Square Feet
1,793 SF
Class
A
Year Built
2005

Location Insight

City
Sparks Glencoe
County
Baltimore
State
Maryland
Latitude
39.5234316
Longitude
-76.6518066
913 Ridgebrook Rd, Sparks Glencoe, Maryland

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913 Ridgebrook Rd
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