3221-3223 Corporate Ct Ellicott City, MD 21042
- Office Properties & Spaces
- 1,839 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 3221-3223 Corporate Ct
- Year built
- 1987
- Property size
- 1,839 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 1,839 square foot traditional office building located at 3221-3223 Corporate Ct, Ellicott City, MD 21042. The property, built in 1987, consists of two joined units, each with its own condo fee and tax bill. Currently leased to a long-term tenant (over 20 years), the sale is subject to the existing lease. The interior is primarily configured as shower rooms and private spa rooms, supplemented by a kitchenette. The asking price is $390,000, translating to $212.07 per square foot. Given the long-term tenant and strong rental income, this presents a stable investment opportunity. Showings are limited due to the tenant's privacy concerns, as it's a private, monitored spa. A significant incentive is offered: the seller will cover one year's condo fees for settlements completed within 90 days. This is a NNN lease with a single tenant. This is a unique opportunity to acquire a well-established, income-producing property in a desirable Howard County location. Please note that both tax records (for 3221 and 3223 Corporate Ct) should be reviewed. The property is sold as a single unit, encompassing both 3221 and 3223 Corporate Ct. The 90-day settlement timeframe for the condo fee incentive is non-negotiable.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ellicott City
- County
- Howard
- State
- Maryland
- Longitude
- -76.863
- Latitude
- 39.2824
