3221-3223 Corporate CtEllicott City, MD 21042

For Sale
$390,000

1,839 SF Office Building, Two Units

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 1,839 square foot traditional office building located at 3221-3223 Corporate Ct, Ellicott City, MD 21042. The property, built in 1987, consists of two joined units, each with its own condo fee and tax bill. Currently leased to a long-term tenant (over 20 years), the sale is subject to the existing lease. The interior is primarily configured as shower rooms and private spa rooms, supplemented by a kitchenette. The asking price is $390,000, translating to $212.07 per square foot. Given the long-term tenant and strong rental income, this presents a stable investment opportunity. Showings are limited due to the tenant's privacy concerns, as it's a private, monitored spa. A significant incentive is offered: the seller will cover one year's condo fees for settlements completed within 90 days. This is a NNN lease with a single tenant. This is a unique opportunity to acquire a well-established, income-producing property in a desirable Howard County location. Please note that both tax records (for 3221 and 3223 Corporate Ct) should be reviewed. The property is sold as a single unit, encompassing both 3221 and 3223 Corporate Ct. The 90-day settlement timeframe for the condo fee incentive is non-negotiable.

Highlights

  • Confidentiality agreement required.
  • Investment opportunity: Two adjacent condo units (3221 & 3223 Corp Ct.) sold together; two condo fees and two tax bills apply.
  • Long-term tenant in place; sale subject to existing lease.
  • Showings are limited due to the property's use as a private, monitored spa.
  • Interior features multiple shower rooms, private spa rooms, and a kitchenette.
  • Strong rental income with tenants in place for over 20 years.

Property Details for 3221-3223 Corporate Ct

Property type
Other office properties, Office properties
Square Feet
1,839 SF
Year Built
1987
Units
2

Location Insight

City
Ellicott City
County
Howard
State
Maryland
Latitude
39.282373688447
Longitude
-76.862994374841
3221-3223 Corporate Ct, Ellicott City, Maryland

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3221-3223 Corporate Ct
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