1324 Belmont Ave - Medical CONDO FOR SALE


Salisbury, MD 21804
$450,000 USD
302-745-7920
1324 Belmont Ave, Salisbury, MD for Sale
$450,000 USD
Medical CONDO - FOR SALE
1/35
null | 7.34% Cap Rate

1324 Belmont Ave
Salisbury, MD 21804


HIGHLIGHTS

  • Prominent location within a well-established professional park
  • Fully leased professional office investment
  • Stabilized asset with immediate income in place
  • Attractive, well-maintained building

OVERVIEW

Located within the well-maintained East Park Professional Park, this fully leased office suite offers a compelling, turnkey investment opportunity. The property is leased to Chesapeake Hearing Centers, a recognized regional provider, on a new five-year term with rent commencing June 2026, providing investors with stable, predictable income. The suite features a functional and flexible layout including multiple private offices, a large conference room, three separate entrances/exits, and an open workspace designed for collaborative use. Currently being remodeled the space is ideally suited for medical or professional office users. Positioned within a desirable professional park setting, this asset combines strong tenancy, quality improvements, and long-term income security, making it an attractive addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

7.34%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 100

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

17,736 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,291 SF

ZONING

COM

APN/PARCEL ID

05-124123,05-124131,05-124158,05-124166,05-124174

ASK ABOUT THIS PROPERTY

Trent Spicer-DavisSVN | Miller Commercial Real EstateMore Info
302-745-7920

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Trent Spicer-DavisSVN | Miller Commercial Real EstateMore Info
302-745-7920

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.