1314 Mchenry Rd Pikesville, MD 21208
- Office Properties & Spaces
- 40,773 SF
- 1.24 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1314 Mchenry Rd
- Year built
- 2000
- Lot size
- 1.24 lot acres
- Property size
- 40,773 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents Bedford Square I & II, a two-building office complex ideally situated in Pikesville, Baltimore County, Maryland. The property boasts a combined 40,773 square feet of leasable space, spread across two buildings, each two stories high, constructed in 2000. Currently, the complex enjoys a 92.4% occupancy rate with 22 units and approximately 50% of the tenants are in the medical field, many with long-term leases. The property features 142 surface parking spaces, providing ample convenience for tenants and visitors. Recent improvements include a new elevator and sewage drainage system in Bedford Square I. The property sits on a lot ranging from 1.24 to 1.33 acres, with a permitted zoning of OR-1. The buildings benefit from a strong history of high occupancy, exceeding 90% for over 10 years, and a current net operating income exceeding $480,000. This value-add opportunity offers a compelling combination of stable income and potential for future growth, making it an attractive investment for discerning buyers. The property is located at 1314 Bedford Ave & 119 McHenry Rd, Baltimore, MD 21208, and features a modified lease type. The property's address is 1314 Bedford Ave & 119 McHenry Rd, Baltimore, MD 21208. The APN numbers are 0303053840 and 0316045870.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pikesville
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.727
- Latitude
- 39.376
