1324 BELMONT Avenue Salisbury, MD 21804

Building Details

Year built

2006

Number of units

1

Building materials

Brick

Listing agency SVN/Miller Commercial Real Estate b***@svn.com Show Phone

Listed by Trent M Spicer-Davis · License #5021302 Show Phone

Added: Apr 17 Updated: Jun 9 at 11:43AM Checked: Jul 23 at 5:06AM

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MLS# MDWC2022528

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Investment Insights

Based on property information with market context.

This fully leased medical/professional office suite is located in a well-maintained East Park Professional Park. The space includes multiple private offices, a large conference room, and an open workspace designed for collaborative use. It is undergoing remodeling, and the layout provides three separate entrances/exits, supporting functional flow for staff and visitors.

The suite is within a professional park setting in Salisbury, Maryland. The property is positioned as part of a maintained office environment, with access and circulation supported by the multiple entry points included in the suite design.

As currently configured, the space is suited to medical or professional office users seeking a turnkey arrangement that can accommodate both private and shared work settings. For buyers evaluating an income-producing office investment, the suite is leased to Chesapeake Hearing Centers under a new five-year term, with rent commencing June 2026. This combination of in-place tenancy and an actively improved interior makes the offering practical for operators and investors looking for a ready-to-occupy office environment after remodeling is complete.

Key Highlights

• Fully leased to Chesapeake Hearing Centers, a recognized regional provider
• New five‑year lease term commencing June 2026, providing stable income
• Attractive 7.34% Cap Rate

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FAQs

What type of property is this?

Medical Office Space - Fully leased medical/professional office suite in a maintained professional park, offering a flexible layout and three separate entry points.

Where is this medical office space located?

The property is located at 1324 BELMONT Avenue Salisbury, MD.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Fully leased to Chesapeake Hearing Centers, a recognized regional provider; New five‑year lease term commencing June 2026, providing stable income; Attractive 7.34% Cap Rate