601 Eastern Ave - Office/Residential FOR SALE


Fairmount Heights, MD 20743
$1,200,000 USD
410-956-8756
601 Eastern Ave, Fairmount Heights, MD for Sale
$1,200,000 USD
Office/Residential - FOR SALE
1/11
null | 13.2% Cap Rate

601 Eastern Ave
Fairmount Heights, MD 20743


HIGHLIGHTS

  • High Traffic Area
  • Long Term Tenants
  • Completely Renovated

OVERVIEW

Mixed-Use Office Building | Value-Add Opportunity | Includes Additional Lot Property Overview Mixed-use office building currently under renovation. Seller is accepting offers prior to completion, providing an opportunity to acquire below stabilized value. Sale includes additional parcel: 605 Eastern Avenue (vacant lot) — ideal for future development, expansion, or additional income potential. Investment Highlights Value-add opportunity with renovation in progress Ability to purchase before completion and capture upside Additional development parcel included in sale Located in a growing corridor with strong long-term potential Current Occupancy 2 units occupied (long-term tenants, year-to-year leases) 3 office units currently vacant (lease-up opportunity) Property Status Renovation in progress Pricing is based on completion of the renovation Seller open to early offers Ideal Buyer Investor seeking lease-up opportunity Developer looking for additional lot potential Owner-user with supplemental rental income Contact for details, renovation scope, and financial projections.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

13.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Eastern Avenue Medical & Dental Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

CO

APN/PARCEL ID

18-2107092

ASK ABOUT THIS PROPERTY

Timothy ZoisJada Management LlcMore Info
410-956-8756

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Timothy ZoisJada Management LlcMore Info
410-956-8756

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