1532 Pointer Ridge Dr - Office CONDO FOR SALE


Bowie, MD 20716
$375,000 USD
410-353-3545
1532 Pointer Ridge Dr, Bowie, MD for Sale
$375,000 USD
Office CONDO - FOR SALE
1/4
null | 10.24% Cap Rate

1532 Pointer Ridge Dr
Bowie, MD 20716


HIGHLIGHTS

  • Affordable 1031 Exchange Option
  • Fully leased to a national tenant under an in-place triple net lease structure.
  • Minimum responsibilities for Landlord
  • Located in a well-maintained office park with ample parking and accessibility.
  • Strong surrounding retail and service amenities, including major national brands.
  • Excellent regional access to Washington, D.C., Baltimore, and BWI Airport.

OVERVIEW

This offering presents a stabilized office investment opportunity in the thriving Bowie, Maryland market. The property consists of two contiguous office condominium units, Suites A and B, totaling 1,634 square feet. Both suites are currently leased to a national tenant under an in-place triple net lease, providing predictable income and minimal landlord responsibilities. Located within the Pointer Ridge Office Park, the property benefits from a professional business environment and convenient access to major transportation routes, including U.S. Route 301 and Maryland Route 214. The surrounding area features a strong mix of retail, dining, and service amenities, including Walmart, CVS, and multiple banking institutions, all within close proximity. Bowie is strategically positioned between Washington, D.C., Baltimore, and Annapolis, offering excellent regional connectivity. The property is approximately 37 minutes from BWI Airport, 46 minutes from Washington, D.C., and 49 minutes from Baltimore, making it an attractive location for businesses seeking accessibility and convenience. With stabilized income, a favorable cap rate, and a well-located asset, this property is an appealing choice for investors seeking long-term value in a growing suburban market.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

10.24%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

2,933 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,933 SF

ZONING

CO

APN/PARCEL ID

07-0687210

ASK ABOUT THIS PROPERTY

Judith NeighoffHyatt CommercialMore Info
410-353-3545

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Judith NeighoffHyatt CommercialMore Info
410-353-3545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.