11 Maple Ave, La Plata, MD 20646

This 6,138 square foot medical office building in La Plata, Maryland, presents a compelling value-add investment opportunity. Located at 11 N Maple Ave, 20646, this single-story, 1950-built property sits on a 39,369 square foot lot and is zoned CB. Recently renovated in 2024, the building currently boasts five tenants with a 60% occupancy rate, generating a Net Operating Income (NOI) of $66,100 and a 6.78% capitalization rate. The asking price is $975,000, translating to $158.85 per square foot. The current leases are Net Net + (NN+), and there are no credit ratings available for the tenants. The property offers significant upside potential due to below-market rents and short-term leases. Occupancy is projected to reach full capacity by November 1, 2024. This centrally located property in the thriving town of La Plata provides exceptional accessibility and convenience, making it ideal for a variety of businesses, including retail, office, or light warehouse uses. The property's parcel number is District 01 - Account # 001221. Further details, including the rent roll, are available upon request.