Two-Story Office
New
For Sale
$989,900
356 CONGRESS AVENUE, Havre de Grace, MD 21078
The layout includes 12 private offices, two conference rooms, and two kitchenettes.
Property Size3,960 SF
Price / SF$249.97
Days on Market7
Property Features for 356 CONGRESS AVENUE
General Information
Standard status
Active
Size
3,960 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Year Built
2008
Buildings
2
Stories
2
Construction
Colonial
Listing Agency:
BCH Real Estate Specialist
Listed By:
Charles E Hiner · License #513180
(410) 939-5055
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 28 at 7:14AM
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 BCH Real Estate Specialist
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Investment Insights
Based on property information with market context.
Built in 2008, this two-story Colonial-style office building has 12 private offices, two conference rooms, and two kitchenettes. A covered entrance serves the building, and two heat pumps provide heating and cooling. The property also includes a two-story, 2,000-square-foot garage, a four-car driveway, and two additional lots.
The corner property is one block from the Havre de Grace waterfront and within walking distance of downtown shops, restaurants, and historic attractions. The property is currently used as office space.
The corner property is one block from the Havre de Grace waterfront and within walking distance of downtown shops, restaurants, and historic attractions. The property is currently used as office space.
Key Highlights
- 12 private offices, two conference rooms, and two kitchenettes
- Two‑story Colonial‑style office building built in 2008
- Two‑story, 2,000‑square‑foot garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,764
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,280
$555.3K
Cap Rate 7%
$396,629
$396.6K
Cap Rate 9%
$308,489
$308.5K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$45.1K $11.40/SF
− Vacancy
−$8.1K −$2.05/SF
EGI
$37.0K $9.35/SF
− OpEx
−$9.3K −$2.34/SF
NOI
$27.8K $7.01/SF
Area
Harford County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,280
Cap Rate 7%
$396,629
Cap Rate 9%
$308,489
Alternative Uses
Best Use
Office B
$396.6K
$347.1K – $462.7K
NOI $27,764 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,535 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
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Business Placement
Demographics for 21078, MD
20,321
Population
8,760
Households
2.3
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
675
Density / Sq Mi
$109,451
Median Household Income
$53,942
Median Earnings
$1,331
Median Rent
$355,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The layout includes 12 private offices, two conference rooms, and two kitchenettes.
Where is this office building located?
The property is located at 356 CONGRESS AVENUE Havre de Grace, MD.
What is the asking price?
The asking price for this property is $989,900.
What are key features of this property?
This property features: 12 private offices, two conference rooms, and two kitchenettes; Two‑story Colonial‑style office building built in 2008; Two‑story, 2,000‑square‑foot garage
