Homes for sale - 46-B THOMAS JOHNSON DR, Frederick, MD 21702

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Tom Higgins

thiggins@kw.com +1(215) 275-0591

$ 4,200,000

Est. payment | -/mo

20,000 SqFt

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$ 4,200,000

Est. payment | -/mo

Save Virtual Tour

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 $210

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 Standard

Listed by Deniz Senyurt • Coldwell Banker Realty

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Tom Higgins

REALTOR® | Lic# RS176625L

thiggins@kw.com

+1(215) 275-0591

910 Harvest Dr, Blue Bell, PA, 19422, USA

46-B THOMAS JOHNSON DR Frederick, MD 21702

Tom Higgins

Key Details

Location

Interior

Exterior

Building

Schools

Others

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46-B THOMAS JOHNSON DR