20,000 SqFt
20,000 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $47
MLS Listing ID MDFR2044798
Originating Board BRIGHT
Year Built 2002
Annual Tax Amount $69,734
Tax Year 2023
Lot Size 1.890 Acres
Acres 1.89
Property Description
Introducing the Frederick Professional Medical Center located at 46B Thomas Johnson Frederick, MD 21702. This rare investment opportunity offers a free-standing, 2-story medical building in the heart of the bustling Frederick Medical Corridor. Currently, the first floor houses Maryland Oncology Hematology, an esteemed affiliate of the US Oncology Network, with 15 other locations. With 104 parking spots and a total lot size of 1.89 acres, this property presents a chance to secure a credit tenant for mortgage payments while enjoying a 10,000 SF vacant unit ideal for personalized use, originally built as a radiology center. Strategically positioned adjacent to Route 15, with high visibility from 11,000 vehicles daily and surrounded by the prestigious John Hopkins Community Physicians, the Frederick Professional Medical Center boasts a prime location. Within a 10-minute drive, you'll find a population of 66,136 with a median household income of $87,432 and a median net worth of $212,274. Don't miss out on this lucrative opportunity in the $187 million medical healthcare market! IMPORTANT: Do not disturb the tenant upstairs. All showings are done through the listing agent. OPEN HOUSE: on October 4th, 2024 at 10:00 AM -12:00 PM.
*Free-Standing 2-Story Medical Building
*Brand New Roof installed in 2023
*$295,067/year NOI in 2023
*3% Escalation Annually
*Proforma NOI $566,777/year
*Potential Additional Income of $271,710/year from Ground Floor Unit
*Across from John Hopkins Community Physicians Building
*Adjacent to Route 15
*Visible by 11,000 Vehicle Per Day
*Located in Frederick Medical Corridor
Location
State MD
County Frederick
Zoning GC
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 110.0
Waterfront N
Water Access N
Accessibility Level Entry - Main
Parking Type Parking Lot
Total Parking Spaces 110
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Frederick County Public Schools
Others
Tax ID 1102192691
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Auction
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