La Plata Office/Retail
For Sale
$839,000
Pending
105 Centennial St #301, La Plata, MD 20646
Office/retail condominium unit in La Plata, MD for sale.
Property Size4,795 SF
Lot Size0.11 Acres
Days on Market503
Property Features for 105 Centennial St #301
General Information
Standard status
Pending
Size
4,795 SF
Lot size
0.11 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,027
Building Details
Year Built
2007
Listing Agency:
HOOPER & ASSOCIATES
(301) 870-5841
Listed By:
ANNE M HOOPER · License #628757
Source:
Corcoran
Added: Mar 27, 2025
Changed: Aug 8
Last Checked: Jul 23 at 9:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOOPER & ASSOCIATES
Investment Insights
Based on property information with market context.
This office/retail condominium unit, approximately 4,795 square feet, is located on the first floor in the heart of La Plata, Maryland. The floor plan includes a private office, two 2-stall restrooms, an open floor area with a sales counter, and an outdoor patio. The space features three entrances to the exterior parking area and one entrance onto the patio. The property is in close proximity to the Charles County Courthouse, Charles Regional Medical Center, Charles County Government Offices, and La Plata Town Hall. Currently leased by Meridian Gym until July 31, 2028, with a negotiated three-year renewal term. The estimated Net Operating Income (NOI) for 2025 is $72,930, which includes a 5% vacancy rate. The lease is a NNN lease.
Key Highlights
- Over 8.5% CAP Rate investment opportunity.
- NNN Lease in place until July 31, 2028, with a three (3) year renewal option.
- Estimated NOI (2025) = $72,930 (Includes 5% Vacancy Rate).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20646, MD
20,411
Population
8,263
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
95%
High-School Grad
79.8 sq mi
ZIP Area
256
Density / Sq Mi
$130,008
Median Household Income
$62,409
Median Earnings
$1,486
Median Rent
$435,100
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Coal Road CrossFit — 403 Charles St #2a, La Plata, MD 20646
- Zentral Station — 113 Howard St Suite 201, 2nd Floor, La Plata, MD 20646
- eQuillibrium Fitness — 105 Centennial St Suite K, La Plata, MD 20646
- Meridian Fitness Club — 105 Centennial St, La Plata, MD 20646
- La Plata Wellness Center — 103 Centennial St A, La Plata, MD 20646
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Office/retail condominium unit in La Plata, MD for sale.
Where is this fitness center & gym located?
The property is located at 105 Centennial St #301 La Plata, MD.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Over 8.5% CAP Rate investment opportunity.; NNN Lease in place until July 31, 2028, with a three (3) year renewal option.; Estimated NOI (2025) = $72,930 (Includes 5% Vacancy Rate).
