201 Milford Mill RdPikesville, MD 21208

This exceptional two-story, 1989-built medical and traditional office building in Pikesville, MD (zip code 21208), offers a compelling investment opportunity with an estimated 8.2% cap rate. Situated on a spacious 55,000-square-foot lot, the property boasts ample parking and a recently updated roof, minimizing future maintenance needs. The building features an active elevator, separate electric meters for each unit (plus a common meter), and is entirely all-electric, streamlining utility management. Currently boasting 100% occupancy with stable, long-term tenants under double net leases, this property presents significant value-add potential. Rental income can be further increased by adjusting rents on under-market units or subdividing larger spaces. The convenient location in Pikesville offers easy access to major roadways, public transportation (including nearby subway stations and bus stops), and a wealth of amenities. Nearby conveniences include Capital One and Wells Fargo banking services, shipping centers, diverse dining options (The Silk Road Bistro, First Watch, Applebee's), and supermarkets (Seven Mile Market, Target, Giant Food). The owner-user potential adds to the property's appeal, providing an opportunity for a business to occupy its own space. This property represents a strong investment in a high-demand area with significant upside potential.