46 Thomas Johnson Drive Frederick, MD 21702 Municipality: Frederick City

Office Residence

Beds

Baths

20,000 Sq. Ft.

1.89 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 11/24/2024 10:34 AM

Listing Details

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 Hema...tology, 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 Continue reading

MLS#

MDFR2044798

Property Type

Office

Year Built

2002

Square Feet

20,000 sq. ft

Price per Sq. Ft.

$210.00

Lot Size

1.89