Active

46-B Thomas Johnson Dr

Frederick MD, 21702

$4,200,000


$210.00 per sqft

Active

20,000 sqft

Commercial

Built in 2002

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

MDFR2044798

MLS ID

February 19, 2024

Listed

November 1, 2024

Updated

Map

46-B Thomas Johnson Dr
Frederick MD, 21702

Interior Features

Appliances

Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Electric

Exterior/Building Features

Lot Size

1.89 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Frederick City


Taxes

$69,734


Tax Frequency

Annually


Days on Market

234


Garage

No


Parking Total

110


View

No


County

FREDERICK


Water Source

Public


Pool

No

Listing History

Date

Event

Price

10/28/2024

Price change

$4,200,000

5%

10/28/2024

Price change

$4,000,000

321%

Listed by Coldwell Banker Realty
Listing Contact: 5712716604 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/1/2024 at 3:17 AM UTC

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