Silver Spring, MD 20901 11217 Lockwood Drive # 12-1

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, 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.