8890 Mcdonogh Rd -Owings Mills, MD 21117

  • Land
  • 0.15 AC
For Sale
$219,200 View listing

Property Details for 8890 Mcdonogh Rd -

Lot size
0.15 AC
Zone code
OT
Property type
Land
Property subtype
Commercial land
APN
02-2500007391
APU
22500007391

Description

This exceptional 1,096-square-foot medical office condominium is ideally situated in Owings Mills, Maryland, at 8890 McDonogh Road, Unit 203. Located in a Class B building constructed in 2010 and extensively renovated in 2022, this owner-user opportunity presents a compelling investment. The asking price is $219,200, translating to a competitive price per square foot of $200. The unit is situated on the second floor of a two-story building and benefits from ample parking, with 350 spaces serving the entire property (a ratio of 350 spaces per 1,000 square feet). The sale includes a $50 per square foot construction credit, allowing the buyer to customize the space to their exact specifications. The property boasts a convenient location at the intersection of McDonogh and Painters Mill Roads. Multi-stall common area restrooms are conveniently located on each floor. Expansion opportunities exist through the potential combination with adjacent units. The 7.5-acre lot provides ample space and a desirable setting for this medical office condominium. This is a rare opportunity to acquire a well-maintained, updated medical office space in a prime Owings Mills location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,113,470
    Hospitality
    $1,019,933
    Educational
    $848,572
    Medical
    $877,756
    Retail
    $1,320,001
8890 Mcdonogh Rd -, Owings Mills, Maryland

Location Insight

City
Owings Mills
County
Baltimore
State
Maryland
Latitude
39.3919
Longitude
-76.7876
CBSA code
12580
CBSA name
BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$445
$73,500
-
$73,500
-
$73,500
-
$73,500

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