3230 Bethany LnEllicott City, MD 21042

Property Details for 3230 Bethany Ln

Year built

1987

Lot size

0.96 AC

Property size (Sq ft)

1,914 SF

Zone code

B1

Property type

Office properties

APN

02-317605

APU

2317605

Description

This exceptional 3,838 square foot medical office condo is located at 3230 Bethany Lane in Ellicott City, Maryland, zip code 21042. The property is classified as a Class B building and is situated in a B-1 zoned area, allowing for versatile usage. The space is offered as a NNN lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. Priced at $230 per square foot, this presents a compelling opportunity for medical professionals seeking a well-located and functional space. The building enjoys a convenient location off Route 40 at Centennial Lane, a highly accessible area. This rarely available condo space offers abundant natural light and a flexible layout, ideal for a variety of medical practices. The surrounding area boasts a mix of residential and commercial properties, along with entertainment venues, ensuring high visibility and convenient access for patients and staff. This thriving retail and commercial area provides a vibrant community setting for your business. Don't miss this chance to establish your presence in this desirable Ellicott City location.

• CAP approach

  CAP return

  Valuation

  6%

  $290,789

  6.5%

  $268,420

  7%

  $249,247

• Comparable approach

  Method

  Valuation

  Relative Method

  $120,410

  Geo Method

  $120,410

• Alternative Use

  Use

  Valuation

  Residential

  $332,841

  Hospitality

  $304,881

  Educational

  $253,657

  Medical

  $262,381

  Retail

  $394,578

Location Insight

City

Ellicott City

County

Howard

State

Maryland

Latitude

39.2821

Longitude

-76.8596

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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