1324 Belmont Ave Unit #105A, Salisbury, MD 21804
- $450,000
- List Price
- $450,000
- Days on Market
- 112
- Status
- ACTIVE
- MLS#
- MDWC2022528
- Lot Size (Acres)
- 0.05
- Year Built
- 2006
- County
- Wicomico
- School District
- Wicomico County Public Schools
Property Description
Located within the well-maintained East Park Professional Park, this fully leased office suite offers a compelling investment offering with in-place income and attractive cap rate potential, 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. 7.34% Cap Rate - 5 Year Lease in place
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Additional Information
- Area
- Wicomico Northeast (23-02)
- Taxes
- $9224
- School District
- Wicomico County Public Schools
- Heating
- Other
- Heating Fuel
- Other
- Cooling
- Other
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of SVN/Miller Commercial Real Estate. Contact: 410-543-2440