20311 Lappans Rd - Medical FOR SALE


Boonsboro, MD 21713- Boonsboro/Keedysville
$2,100,000 USD
301-370-3612
20311 Lappans Rd, Boonsboro, MD for Sale
$2,100,000 USD
Medical - FOR SALE
1/37
null | 6.8% Cap Rate

20311 Lappans Rd
Boonsboro, MD 21713
Boonsboro/Keedysville


OVERVIEW

Modern, multi-tenant, medical office building located within the northern town limits of Boonsboro. It is further located along the south side of Lappans Road (MD. Rentie 68) just west of it's signalized intersection with Old National Pike (U.S. Alternate Route 40). The subject contains 5 total acres which was recently subdivided into two lots of record. The subdivision was approved on 08/23/2022. Lot I is near rectangular in shape and contains 1.44 acres. It is fully developed for the leased medical office building and associated site improvements (i.e. paved driveway and parking lot areas, landscaping, sidewalks, etc.). The remaining lands or Lot 2 contains 3.56 acres, is L-shaped, and mostly wooded with some cleared sections within the southeast portion of the property. Lot 2 can be purchased as part of this transaction. In the same general vicinity, the owner recently built a storage building (32' x 40'). In consideration to the medical office building, it is demised into four medical office related suites and all are currently leased. The owner reported he made about $260,000 in renovations since he purchased the property.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

GC

APN/PARCEL ID

06-025846

ASK ABOUT THIS PROPERTY

Joseph DoneganMackintosh Inc. RealtorsMore Info
301-370-3612

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Joseph DoneganMackintosh Inc. RealtorsMore Info
301-370-3612

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