1522 Pointer Ridge PlBowie, MD 20716
- Office properties
- 930 SF
Property Details for 1522 Pointer Ridge Pl
- Year built
- 1985
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 930 SF
- Zone code
- CO
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 07-0687368
- APU
- 70687368
Description
This exceptional 930-square-foot executive office condominium in Bowie, Maryland, presents a fantastic owner-user or investment opportunity. Located at 1522 Pointer Ridge Pl, 20716, this vacant end-unit property is ideally situated for convenient access to major roadways, including Route 301, Route 50, and Route 214. The property benefits from its location near several key amenities, such as Pointer Ridge Plaza, Bowie Town Center, Bowie Baysox stadium, and Liberty Sports park. Furthermore, its proximity to new residential developments, including South Lake Townhomes and Mill Branch Crossing, ensures a strong potential for future growth and increased demand. The property is zoned for commercial office use, making it suitable for a variety of businesses. The asking price for this turnkey office space is $225,000. This presents a compelling opportunity to acquire a well-located, functional office space in a thriving area of Prince George's County. The property's end-unit location offers added privacy and visibility. Don't miss this chance to own a piece of Bowie's vibrant commercial landscape.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $150,310
- 6.5%
- $138,748
- 7%
- $128,838
-
Comparable approach
- Method
- Valuation
- Relative Method
- $54,327
- Geo Method
- $132,410
-
Alternative Use
- Use
- Valuation
- Residential
- $172,048
- Hospitality
- $157,595
- Educational
- $131,117
- Medical
- $135,626
- Retail
- $203,960
Location Insight
- City
- Bowie
- County
- Prince George's
- State
- Maryland
- Latitude
- 38.9104
- Longitude
- -76.7196
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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