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5550 Sterrett Pl - MDG Lakefront North 521 SF Office Condo Unit Offered at $127,645 in Columbia, MD 21044
Investment Highlights
- Rare small office for sale in Columbia Town Center
- Free surface parking for staff & visitors
- Perfect for mental health provider for counseling office
- Furniture included in the sale price
- Local bank offering competitive owner occupancy financing
- 24 hour access and common area restrooms
Executive Summary
Rare small office condominium for sale in Columbia Town Center. Fully improved general business office condominium overlooking the front parking lot of the building. The unit features 1 room with an open front office. The room can be used for an office or a conference room. The unit is fully furnished and the furniture conveys in the sale price. The front area can be used for the office with a conference room in the room on the windows. Perfect for a mental health provider with a reception area. Multi stall common area restrooms serve the floor. Plenty of free surface parking for staff and visitors. The building is served by an elevator with 24 hour access. The HVAC maintenance is covered in the condo fees.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
Rare small office for sale in Columbia Town Center. Fully improved general business office condominium overlooking the front parking lot of the building. The unit features 1 room with an open front office. The room can be used for an office or a conference room. The unit is fully furnished and the furniture conveys in the sale price. The front area can be used for the office with a conference room in the room on the windows. Perfect for a mental health provider with a reception area. Multi stall common area restrooms serve the floor. Plenty of free surface parking for staff and visitors. The building is served by an elevator with 24 hour access. The HVAC maintenance is covered in the condo fees.
Sale Notes
Assume owner occupancy 80/20 financing with 20% down payment and financing $102,116 @ 6.5% interest and a 25 year amortization = $690 monthly plus monthly condo fees, Columbia Association charges and Howard County Real Estate taxes. The 3rd floor units share the BGE bill for that floor based on pro rata share.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 307 | 521 SF | Office | $127,645 ($245.00/SF) | - |
Unit 307
| Unit Size |
| 521 SF |
| Condo Use |
| Office |
| Price |
| $127,645 ($245.00/SF) |
| NOI |
| - |
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Unit 307
| Unit Size | 521 SF |
| Condo Use | Office |
| Price | $127,645 ($245.00/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| Rare small office for sale in Columbia Town Center. Fully improved general business office condominium overlooking the front parking lot of the building. The unit features 1 room with an open front office. The room can be used for an office or a conference room. The unit is fully furnished and the furniture conveys in the sale price. The front area can be used for the office with a conference room in the room on the windows. Perfect for a mental health provider with a reception area. Multi stall common area restrooms serve the floor. Plenty of free surface parking for staff and visitors. The building is served by an elevator with 24 hour access. The HVAC maintenance is covered in the condo fees.</li></ul> | |
| Sale Notes | |
| Assume owner occupancy 80/20 financing with 20% down payment and financing $102,116 @ 6.5% interest and a 25 year amortization = $690 monthly plus monthly condo fees, Columbia Association charges and Howard County Real Estate taxes. The 3rd floor units share the BGE bill for that floor based on pro rata share.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 41,388 SF | Typical Floor Size | 13,796 SF |
| Property Type | Office (Condo) | Year Built | 1980 |
| Property Subtype | Medical | Lot Size | 0.71 AC |
| Building Class | B | Parking Ratio | 5.24/1,000 SF |
| Floors | 3 | ||
| Zoning | NT - New Town zoning includes medical and general business uses | ||
| Total Building Size | 41,388 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 13,796 SF |
| Year Built | 1980 |
| Lot Size | 0.71 AC |
| Parking Ratio | 5.24/1,000 SF |
| Zoning | NT - New Town zoning includes medical and general business uses |
Amenities
- 24 Hour Access
- Day Care
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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5550 Sterrett Pl - MDG Lakefront North
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