908 Washington RdWestminster, MD 21157

Property Details for 908 Washington Rd

Lot size

0.57 AC

Property size (Sq ft)

3,888 SF

Zone code

R-100

Property type

Office properties

Property subtype

Other office properties

APN

07-110472

APU

7110472

Description

This exceptional Westminster, MD commercial property, located at 908 Washington Rd, presents a unique investment opportunity. Built circa 1920, this 4,883 square foot, single-tenant traditional office building boasts significant historic character within a well-maintained condominium office park setting. Recent updates include a new roof (2020). The building features 18 private offices, a conference room with a functional fireplace, six bathrooms, a spacious waiting area, ample storage, and a main reception area. Architectural details are preserved in the conference room, while the partially finished basement adds another level of usable space, including a historic cast iron caldron with wood stove and crane. Conveniently situated off Route 32, it offers easy access to Carroll Hospital Center, the Farm Museum, county office buildings, the courthouse, and downtown Westminster. The 0.57-acre lot provides convenient on-site parking maintained by the condo association, along with common area and grounds upkeep. Zoned commercial, this property is ideally suited for a variety of professional services, including mental health practices, counseling services, trade organizations, real estate offices, or co-working spaces. This is a rare opportunity to acquire a beautifully maintained, historically significant building in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $590,693

  6.5%

  $545,255

  7%

  $506,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $244,594

  Geo Method

  $244,594

• Alternative Use

  Use

  Valuation

  Residential

  $676,116

  Hospitality

  $619,319

  Educational

  $515,266

  Medical

  $532,987

  Retail

  $801,525

Location Insight

City

Westminster

County

Carroll

State

Maryland

Latitude

39.5488

Longitude

-76.9924

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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