8890 Mcdonogh RdOwings Mills, MD 21117

This exceptional investment opportunity presents 5,223 square feet of retail and office condominium space in a four-story, Class B building located at 8890 McDonogh Rd, Unit 212, Owings Mills, MD 21117. Built in 2010, this property sits on a 7.5-acre lot and offers 350 parking spaces (3.76 spaces per 1,000 sq ft). The asking price is $940,140, reflecting a price per square foot of $180. Currently, 60% of the building's 93,000 square feet is occupied. This sale includes the remaining 40% of available retail and office condominiums, totaling 37,880 square feet, in their original shell condition. The property features 14 units in total, including five available retail units ranging from 1,208 to 6,128 square feet and 23 office units totaling 36,448 square feet. An additional 10,165 square feet of lower-level storage space is also included. Each unit includes its own entry door, HVAC unit, sprinkler connection, electric panel, and BGE meter. Buyers control their own design and construction. First-floor retail units sell for $200 per square foot, including a $50 per square foot construction credit. Upper-floor comparable sales show $180 per square foot with a similar credit. The third floor is fully sold. The largest contiguous space on the second floor is 20,270 square feet, expandable by removing the corridor. The fourth floor offers 16,178 square feet of contiguous space with loft ceilings. Multi-stall restrooms serve floors two through four, with private restrooms on the first floor. A 2,617-square-foot first-floor space is ideal for a restaurant, with a hood shaft already in place. The property enjoys a prime location at the intersection of McDonogh and Painters Mill Roads. The seller retains master developer rights and can control property management based on majority ownership.