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11217 Lockwood Dr, Unit 12-1 Silver Spring, MD 20901

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For Sale
Contract
$374,900

Condo ideal for medical, office, or retail with excellent signage.

Property Features for 11217 Lockwood Dr

General Information

Standard status
Contract

Building Details

Year built
1986

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Listing Contact
Lawrence Rosen
Source: Corcoran

Listing Agency: COMMERCIAL & INVESTMENT REALTY ASSOCIATES, LLC. Listing Agent: Lawrence Rosen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Medical/Retail Condo with Signage

This condo unit, previously a doctor's office, is suitable for medical, office, or retail use. The existing layout includes a waiting room, a built-in reception desk with a granite counter, four offices, three sinks, and a half bath. Multiple closets and windows are located at the front, back, and side of the unit. The HVAC closet houses the electric panel, telephone, alarm, and motion sensor controls. The unit features laminate floors throughout and 8-foot drop ceilings with fluorescent lighting. The HVAC system includes a heat pump and air handler, approximately 12 years old, and a 30-gallon hot water tank. The association recently installed a new roof. A trash dumpster is located in the parking lot. Most of the furniture can be included in the sale. The monthly condo fee is approximately $334, and the annual real estate tax is $3,122. The seller requires a 90-day notice to the current tenant to vacate the space; closing can be delayed if the buyer desires the unit vacant at closing. The new owner can install a retail box sign above the front entrance, providing excellent signage and visibility. The condo park is professionally managed and maintained with low condo fees. The complex offers a significant amount of non-assigned, free on-site parking.
Location Intelligence

Current Use by Public Records

Cosmopolitan Endocrinology: Alam ... Physician Amelia Pitha Physician Dr. Jared Hershenson Pediatrician Inova Children's Cardiology Pediatrician Pediatric Cardiology Associates ... Medical Clinic

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Little Acorn Pharmacy

Location Insight

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  • Local Demand
City
Silver Spring
County
Montgomery
State
Maryland
Longitude
-76.9914344
Latitude
39.0389033

FAQs

What type of property is this?
Medical Office Space - Condo ideal for medical, office, or retail with excellent signage.
Where is this medical office space located?
The property is located at 11217 Lockwood Dr, Unit 12-1 Silver Spring, MD.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: - Ideal for medical, office, or retail use with existing medical office build-out including waiting room, reception desk, 4 offices, and sinks.; - **Excellent signage opportunity** with ability to install a retail box sign above the front entrance.; - Ample, free, non-assigned on-site parking for owners and guests.
More about this property
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