Property Details for 913 Ridgebrook Rd

Year built

2005

Property size

1,793 SF

Property type

Office properties & Spaces

Property subtype

Medical Office Space

Description

This exceptional Class A medical office condominium, located at 913 Ridgebrook Road, Suite 312, Sparks Glencoe, MD 21152, presents a unique owner-user opportunity. Built in 2005, this 1,793 square foot space is ideally suited for a variety of medical practices. The fully improved layout includes multiple exam rooms, a consultation office, two restrooms, a manager's office, a lab, a nurse's station, a reception area, and a comfortable waiting room. The asking price is $358,600, translating to $200 per square foot. Financing options are available through local lenders, offering competitive terms. A potential financing scenario includes an 80/20 loan-to-value ratio (LTV) with a 20% down payment, resulting in a financed amount of $286,880 at a 6.5% interest rate and a 25-year amortization, yielding a monthly principal and interest payment of $1,937 ($12.96 per square foot). In addition to the mortgage payment, there is a $560 monthly condominium fee. Annual real estate taxes are $5,125. This turnkey property offers immediate occupancy and a strong return on investment in a desirable Baltimore County location. The property is conveniently located in Sparks Glencoe, offering easy access to major transportation routes and a thriving community.

Location Insight

City

Sparks Glencoe

County

Baltimore

State

Maryland

Longitude

-76.6518

Latitude

39.5234