9825 Old Solomons Island RdOwings, MD 20736

For Sale
$630,000

Prime Medical Office Investment, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents three buildings totaling 1,906 to 4,730 square feet of mixed-use space, ideally suited for medical office and retail uses. Located at 9825 Old Solomons Island Rd in Owings, Maryland, zip code 20736, this Class C property boasts a strong 8.40% capitalization rate, making it an attractive proposition for discerning investors. The asking price is $630,000. The property sits on land valued at $27 per square foot, and is zoned Town Center Village, offering flexibility and potential for future development. Two of the buildings benefit from long-term leases, providing immediate and stable cash flow. The seller is motivated and will consider financing options, including holding a portion of the mortgage with a 50% down payment. This turnkey investment offers a compelling blend of immediate return and long-term growth potential in a desirable Maryland location. The property consists of three separate buildings, presenting opportunities for diverse income streams and potential for future expansion or redevelopment within the existing zoning parameters. This is a rare chance to acquire a well-positioned medical office complex with significant upside. Serious inquiries are encouraged.

Highlights

  • Three-building mixed-use property totaling 1,906 to 4,730 square feet, ideal for medical and retail.
  • Located at 9825 Old Solomons Island Rd, Owings, MD 20736, zoned Town Center Village.
  • Class C property with an 8.40% capitalization rate and an asking price of $630,000.
  • Land valued at $27 per square foot.
  • Two buildings have long-term leases, providing stable cash flow.
  • Seller financing available with 50% down payment.

Property Details for 9825 Old Solomons Island Rd

Property type
Other retail properties, Other office properties
Square Feet
1,906 SF
Class
C
Buildings
3

Location Insight

City
Owings
County
Calvert
State
Maryland
Latitude
38.7167976
Longitude
-76.6031355
9825 Old Solomons Island Rd, Owings, Maryland

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9825 Old Solomons Island Rd
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