100 Prospect Place

Description

Rare opportunity to own a flexible, income producing 2,400 sq ft end unit office condominium in Georgetown Park, just off Kimball Bridge Road. Built in 2001, this two level property includes two 1,200 sq ft suites, each with a private entrance, full bathroom, and full kitchen. Ideal for investors or owner users seeking long term stability and growth potential. Unit A is leased to a professional office tenant through April 2028, generating $2,100/month with $100 annual rent escalations. Tenant pays utilities, security, and WiFi, creating predictable income and low owner expenses. Unit B is move in ready and offers excellent flexibility for a variety of professional uses. Features include a welcoming entry area with kitchen and stackable washer/dryer, two private offices with shelving, a large open workspace that can be easily partitioned, and a full bathroom. Fresh interior paint and a private entrance make this suite immediately functional. Previous rent roll was $1,450/month with potential up to $1,800/month. Additional highlights include separate utility meters, ADT security (tenant paid), well maintained HVAC and shared parking throughout the complex. Georgetown Park is surrounded by medical, wellness, tutoring, financial, and professional service businesses, with convenient access to nearby shopping and dining. This property is ideal for investors seeking stable income with additional upside or for owner users who want to occupy one suite while benefiting from rental income in the other. A versatile, well located office asset in a high demand professional corridor.