77 Washington St Rockville, MD 20850

Property Details for 77 Washington St

Construction

BRICK

Lot size

0.07 lot acres

Property size

2,042 SF

Zone code

TC01

Property type

Office Properties & Spaces

APN

04-02927421

APU

402927421

Description

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.