Property summary
This exceptional investment opportunity presents two contiguous office condos totaling approximately 3,088 usable square feet, situated on the top floor of a three-story building in desirable Rockville, Maryland. The property, located at 77 S. Washington Street, zip code 20850, comprises two suites: Suite 302 (approximately 1,844 square feet) and Suite 308 (approximately 1,244 square feet). Both must be purchased together. The space boasts a well-designed layout including a reception area, a dedicated conference room, a spacious open work area perfect for collaborative work, and several private offices with ample natural light. Its prime location offers unparalleled convenience, being just one block from the courthouse and two blocks from the METRO. The purchase includes the right to rent seven parking spaces in a nearby garage, adding significant value and convenience for employees and clients. Furthermore, the condo fee covers a comprehensive range of services, including all utilities, HVAC repair and replacement, structural insurance, janitorial services, and professional management, minimizing operational overhead. Annual real estate taxes (July 1, 2023 - June 30, 2024) are estimated at $11,520.32. This turnkey solution presents a rare opportunity to acquire a well-maintained, highly functional office space in a thriving location. The asking price for this exceptional property is $699,000, reflecting a price per square foot of $226.36.
Property profile
VerifiedCap rate & NOI
Current use
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Accounting Firm Tax Preparation
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Law Firm
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Parking Lot & Garage
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Dental Office
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Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
TC01 · Rockville, MDZoning
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