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Description
This is one of the nicest professional office buildings in town, in a prominent, highly visible gateway location. Offered for sale or lease is 3,100 SF +/- of divisible first floor Class A office space plus 1,150 SF +/- of office space on the second floor. The entire space was gutted and completely rebuilt in 2015 with first class finishes. Walk right out the back door to free public parking!
Highlights
$595,000 sale price based on 7.2% cap rate
Beautiful space
Prime location (your sign is the first thing people see coming into the CBD)
Water view from 2nd floor
Fabulous conference room with galley kitchen featuring granite counter tops and high end fixtures
Brick courtyard for outdoor meetings
Roundabout proposed for intersection
Did we mention free public parking behind the building?
| Month | Payment | Principal | Interest | Total Interest | Balance |
|---|---|---|---|---|---|
| $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
| Total Population | 7,740 | 22,162 | 25,826 | |
| Population Median Age | 40 | 42 | 43 | |
| Population by Age | 0-9 Yrs | 1044 (13%) | 2598 (11%) | 2914 (11%) |
| 10-19 Yrs | 842 (10%) | 2225 (10%) | 2735 (10%) | |
| 20-29 Yrs | 1229 (15%) | 2924 (13%) | 3227 (12%) | |
| 30-39 Yrs | 790 (10%) | 2446 (11%) | 2742 (10%) | |
| 40-49 Yrs | 797 (10%) | 2343 (10%) | 2646 (10%) | |
| 50-59 Yrs | 1126 (14%) | 3269 (14%) | 3842 (14%) | |
| 60-69 Yrs | 1036 (13%) | 2897 (13%) | 3375 (13%) | |
| 70+ Yrs | 876 (11%) | 3461 (15%) | 4344 (16%) | |
| Median HH Income | $46,589 | $53,296 | $53,379 | |
| Total Household Income | < 24K | 917 (28%) | 2116 (22%) | 2390 (21%) |
| 25-49K | 810 (25%) | 2259 (24%) | 2684 (24%) | |
| 50-74K | 697 (21%) | 1862 (19%) | 2138 (19%) | |
| 75-99K | 259 (8%) | 1316 (14%) | 1512 (13%) | |
| 100-199K | 329 (10%) | 1027 (10%) | 1244 (11%) | |
| 200K+ | 195 (6%) | 791 (8%) | 920 (8%) | |
| Highest Education Level | No Diploma | 783 | 1705 | 1978 |
| Diploma or GED | 1763 | 5637 | 6554 | |
| Some College | 1163 | 3620 | 4095 | |
| Assoc. Degree | 220 | 809 | 891 | |
| Bachelors Degree | 866 | 2980 | 3541 | |
| Higher Degree | 570 | 1486 | 1886 | |
| Total Housing Units | 4,275 | 11,690 | 13,627 | |
| --Owner-Occupied | 1,260 | 5,207 | 6,389 | |
| --Renter-Occupied | 1,947 | 4,164 | 4,499 | |
| Owner-Occupied Values | < 100K | 144 | 602 | 720 |
| 100-199K | 481 | 1690 | 1945 | |
| 200-299K | 260 | 1644 | 1886 | |
| 300-399K | 213 | 655 | 885 | |
| 400-499K | 24 | 109 | 224 | |
| 500K+ | 137 | 506 | 728 | |
| Total Working Age Population | 6,089 | 18,142 | 21,167 | |
| In Work Force | 3,904 | 11,625 | 13,268 | |
| Not In Work Force | 2,185 | 6,517 | 7,899 | |
| Workforce Employed | 3,625 | 10,639 | 12,073 | |
| Workforce Unemployed | 268 | 971 | 1,180 | |
| Civlian Workforce | 3,893 | 11,610 | 13,253 | |
| Military Workforce | 11 | 15 | 15 | |
| Total Households | 3,207 | 9,371 | 10,888 | |
| Family Households | 1,834 | 5,839 | 6,941 | |
| Non-Family Households | 1,374 | 3,532 | 3,947 | |
| Married Couple | 967 | 4,007 | 4,750 | |
| Other Family | 867 | 1,832 | 2,191 | |
| Married w/Child | 229 | 988 | 1,118 | |
| Single Male w/Child | 93 | 210 | 237 | |
| Single Female w/Child | 413 | 870 | 1,016 | |
Population Change Last Two Decades - Plus Projection
| 2000 | % | 2010 | % | 2020 | % | 2030 | |
|---|---|---|---|---|---|---|---|
| Maryland | 5,296,486 | +9 | 5,773,552 | +6 | 6,141,900 | +6 | 6,518,750 |
| Dorchester County | 30,674 | +6 | 32,618 | +5 | 34,300 | +9 | 37,350 |
| Talbot County | 33,812 | +12 | 37,782 | +3 | 38,850 | +5 | 40,900 |