For Sale $1,798,000
Wilton Springs Redevelopment Opportunity.
OFFER DEADLINE IS 8/10/2018
4 Parcel Sale of 11+ Acres Includes the following:
1. 720C Maiden Choice Lane is .71 Ares with an Existing 8,100 sqft Office and Medical Office Building.
2. Parcel 2105 Parts 1 & 2 is a 7.6 Acre Vacant Lot Zoned DR5.5 w/Section for OR Development
3. 726 Maiden Choice Lane is 2.215 Acre Vacant Lot Zoned OR
4. 718 Maiden Choice Lane is a 1.17 Acre Vacant Lot Used for Surface Parking Zoned OR
BID-AUCTION SALE TERMS.
SEE DOCS FOR OUTLINE OF PARCELS & RECENT APPRAISAL. OFFICE, MEDICAL, SENIOR & DAYCARE USES IDEAL.
OFFER DEADLINE IS 8/10/2018. SELLER RESERVES RIGHT TO ACCEPT OR REJECT ANY OFFER. SELLER RESERVES RIGHT TO ACCEPT OFFER PRIOR TO DEADLINE OF 8/10/2018. BUYER PAYS TRANSFER TAXES. BUYER PAYS BUYER PREMIUM OF 3.5%. AS IS TERMS.
The Making of Maiden Choice Medical Center
A history of the existing buildings as provided by owner
The Maiden Choice Medical Center was originally developed in 1985 and is the only condominium medical office complex in the area. The campus consists of the original buildings, labeled “A” and “B” on the attached campus map illustration, constructed in 1957 and consisting of 12,000 square feet of medical office space. The new buildings were added in 1991, labeled “C” and “D” on the attached campus map illustration, consisting of 17,301 and 25,018 square feet, respectively.
A Vision for Wilton Springs as a Residential/Medical Office Complex and Surgery Center
The existing Maiden Choice Medical Center is located across from the Charlestown Retirement Community. Originally developed in 1983 by Erikson Retirement Communities, Charlestown is one of the largest retirement communities in Maryland.
The success of the Charlestown Retirement Community and increased demands for housing health care might suggest that a redevelopment of the Maiden Choice Medical Center is in order. The combination and composition of property offerings and the Density Residential and Office Zoning designations provide necessary redevelopment support.