Wilton Springs Residential and Commercial Medical Office ...€¦ · Existing two-story, medical...

6
Wilton Springs Residential/Medical Campus & Surgery Center Proposal 1 | Page Wilton Springs Residential and Commercial Medical Office Complex & Surgery Center 716-726 Maiden Choice Lane, Catonsville Maryland 21228 Purchase Proposal & Properties Outline The Wilton Springs Residential and Commercial Medical Office Complex & Surgery Center is a proposed redevelopment of the Maiden Choice Medical Center property owned by Dr. Norberto Machiran and his family on Maiden Choice Lane in Catonsville, Maryland. The following pages will provide an outline of the property offering, the parcels included in the sale and supporting documentation for the redevelopment for purchase and investment consideration. The proposed Wilton Springs Residential and Commercial Medical Office Complex & Surgery Center combines three parcels of land with an existing Medical Office building. Taken together, there is 11.695 acres of land, 8,100 square feet of existing office space and access to more than 100 parking spaces. 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. Offered at $2,700,000

Transcript of Wilton Springs Residential and Commercial Medical Office ...€¦ · Existing two-story, medical...

Page 1: Wilton Springs Residential and Commercial Medical Office ...€¦ · Existing two-story, medical office building with lobby, office, treatment & conference rooms composed of 5,312

Wilton Springs Residential/Medical Campus & Surgery Center Proposal 1 | P a g e

Wilton Springs

Residential and Commercial

Medical Office Complex & Surgery Center 716-726 Maiden Choice Lane,

Catonsville Maryland 21228

Purchase Proposal & Properties Outline

The Wilton Springs Residential and Commercial Medical Office Complex & Surgery Center is a

proposed redevelopment of the Maiden Choice Medical Center property owned by Dr. Norberto Machiran

and his family on Maiden Choice Lane in Catonsville, Maryland. The following pages will provide an

outline of the property offering, the parcels included in the sale and supporting documentation for the

redevelopment for purchase and investment consideration.

The proposed Wilton Springs Residential and Commercial Medical Office Complex & Surgery Center

combines three parcels of land with an existing Medical Office building. Taken together, there is 11.695

acres of land, 8,100 square feet of existing office space and access to more than 100 parking spaces.

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.

Offered at $2,700,000

Page 2: Wilton Springs Residential and Commercial Medical Office ...€¦ · Existing two-story, medical office building with lobby, office, treatment & conference rooms composed of 5,312

Wilton Springs Residential/Medical Campus & Surgery Center Proposal 2 | P a g e

Property #1: 720C Maiden Choice Lane .71 acre of land with 8,100 square foot Medical Office Building constructed in 1952 and zoned OR1

Zoning Considerations:

Zoning Description according to Baltimore County Code:

o Office Building - Residential

o T pical ses ermitted b ight

Uses Permitted By Right In Dr-5.5, Class A And B Office Building, Limited

Accessory Uses Within Class B Office Building.

o T pical ses ermitted b pecial xception

Uses Permitted By Special Exception In Dr-5.5, Accessory Commercial Uses

Property Notes:

Existing two-story, medical office building with lobby, office, treatment & conference rooms

composed of 5,312 square feet

Lower level savings & loan suite with lobby, office, teller stations, vault and storage composed of

2,788 square feet

Partially occupied by owner’s medical practice

Other short term leases pending

Page 3: Wilton Springs Residential and Commercial Medical Office ...€¦ · Existing two-story, medical office building with lobby, office, treatment & conference rooms composed of 5,312

Wilton Springs Residential/Medical Campus & Surgery Center Proposal 3 | P a g e

Property #2: 718 Maiden Choice Lane (Parcel 1087, Lot 2) 1.17 acre vacant lot zoned OR. Lot is currently in use as a parking lot to service the Medical office

buildings and is shared in its use between the buildings A & B.

Zoning Considerations:

oning Description according to Baltimore County Code:

o Office Building - Residential

o T pical ses ermitted b ight

Uses Permitted By Right In Dr-5.5, Class A And B Office Building, Limited

Accessory Uses Within Class B Office Building.

o T pical ses ermitted b pecial xception

Uses Permitted By Special Exception In Dr-5.5, Accessory Commercial Uses

Page 4: Wilton Springs Residential and Commercial Medical Office ...€¦ · Existing two-story, medical office building with lobby, office, treatment & conference rooms composed of 5,312

Wilton Springs Residential/Medical Campus & Surgery Center Proposal 4 | P a g e

Property #3: 726 Maiden Choice Lane (Parcel 1087, Lot 5) 2.215 acre vacant lot zoned OR.

Zoning Considerations:

Ownership status of lot as part of condominium for buildings A & B

one Description according to Baltimore County Code:

o Office Building - Residential

o T pical ses ermitted b ight

Uses Permitted By Right In Dr-5.5, Class A And B Office Building, Limited

Accessory Uses Within Class B Office Building.

o Typical Uses Permitted b pecial xception

Uses Permitted By Special Exception In Dr-5.5, Accessory Commercial Uses

Property Notes:

Property #3 is the site for a previously proposed and approved, three story/23,123 square foot

office building to complete the Medical Office Complex.

Page 5: Wilton Springs Residential and Commercial Medical Office ...€¦ · Existing two-story, medical office building with lobby, office, treatment & conference rooms composed of 5,312

Wilton Springs Residential/Medical Campus & Surgery Center Proposal 5 | P a g e

Property #4 (Part 1 of 2): Parcel 2105, Part 1 6.06 acre vacant lot with DR5-5 zoning with special approval for OR-1 development

Zoning Considerations:

Zoning Description according to Baltimore County Code:

o Density Residential; 5.5 Units/Acre

o T pical ses ermitted b ight

Single Family, Semi-Detached, Duplex, Single Family Attached, And

Multifamily Dwellings.

o T pical ses ermitted b pecial xception

Convalescent Homes, Community Buildings, Class B p

To Children roup Child Care, Assisted i ing acilities Class B, ew r

odified Building , rofessional ffices n The ome ax . f loor

Area .

Page 6: Wilton Springs Residential and Commercial Medical Office ...€¦ · Existing two-story, medical office building with lobby, office, treatment & conference rooms composed of 5,312

Wilton Springs Residential/Medical Campus & Surgery Center Proposal 6 | P a g e

Property #5 (Part 2 of 2): Parcel 2105, Part 2 1.54 acre vacant lot with DR5.5 zoning

Zoning Considerations:

Zoning Description according to Baltimore County Code:

o Density Residential; 5.5 Units/Acre

o Typical Uses Permitted by ight

Single Family, Semi-Detached, Duplex, Single Family Attached, And

Multifamily Dwellings.

o T pical ses ermitted b pecial xception

Con alescent omes, Communit Buildings, Class B p

To Children Group Child Care, Assisted Living acilities Class B, ew r

odified Building , rofessional ffices n The ome ax . f loor

Area .