11217 LOCKWOOD DR #12-1 Silver Spring, MD 20901

IMPROVEMENTS: Previous doctors office ideal for medical, office or retail uses. Condo unit 12-1 is currently built out as a medical office with waiting room, built in receptionist desk with granite counter, 4 offices, 3 sinks, ½ bath, multiple closets and windows front, back and side. The HVAC closet also contains the electric panel, telephone, alarm and motion sensor controls. There are laminate floors throughout and 8' drop ceilings with florescent lighting. Unit has a +/-12-year-old heat pump and air handler that has been well maintained along with a +/- 30 gallon hot water tank. Ideal for owner/user buyer. The association installed a new roof a few months ago. The trash dumpster is located in the parking lot.

FURNITURE: Most of the furniture can convey with the sale.

CONDO FEE & 2025 R.E. TAX: Monthly condo fee of +/- $334 & annual real estate tax is $3,122.

OCCUPANCY: Seller must provide a 90-day notice to a current tenant to vacate the space. Closing can be delayed if buyer desires the unit vacant at closing. Negotiable.

SIGNAGE: As with many other units in the park (see picture below), the new owner can install a RETAIL BOX SIGN overtop the front entrance of the unit, thereby providing excellent signage and visibility. This is a rare opportunity that most office parks do not allow.

PARK MANAGEMENT: This condo park is managed and maintained professionally with low condo fees.

PARKING: This complex has a significant amount of non-assigned free on-site parking available to all units. Very few developments contain this amount of free parking for its owners and guests.