105 CENTENNIAL St 301 La Plata, MD 20646

Building Details

Year Built

2007

Listing office Hooper & Associates a***@gmail.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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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, the property is 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 NNN. The seller is motivated, and this is an investment sale with over an 8.5% CAP rate.

Key Highlights

• Over 8.5% CAP Rate Investment Opportunity
• NNN Lease in Place Until July 31, 2028 with Renewal Option
• Estimated NOI (2025) = $72,930 (Includes 5% Vacancy Rate)

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Similar Off Market Nearby

• Coal Road CrossFit — 403 Charles St #2a, La Plata, MD 20646
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FAQs

What type of property is this?

Fitness center & gym - Retail/Office condo in La Plata, MD, leased to Meridian Gym.

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 Renewal Option; Estimated NOI (2025) = $72,930 (Includes 5% Vacancy Rate)