Medical Office Building with
For Sale
Contact for pricing
Pending
1001 Philadelphia Ave, Ocean City, MD 21842
Established occupancy, on-site parking, signage areas, and NNN lease terms define this medical office asset.
Property Size5,833 SF
Lot Size0.56 Acres
Days on Market143
Property Features for 1001 Philadelphia Ave
General Information
Standard status
Pending
Size
5,833 SF
Total Parking Spaces
26
Lot size
0.56 Acres
Property subtype
Office
Additional Details
Asking Price
$3,400,000
Building Details
Buildings
1
Building Size
5,833 SF
Tenancy
Single
Abandoned
No
Listing Agency:
West Ocean City MD Real Estate
(443) 235-1375
Listed By:
Deeley Chester · License #MD 611703
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 2:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of West Ocean City MD Real Estate
Investment Insights
Based on property information with market context.
The property comprises a 5,833-square-foot medical office building on a 24,400-square-foot lot. On-site features include 26 parking spaces and locations for signage. The building is occupied by a tenant with more than 25 years at the property, and the current lease is structured as NNN with two available five-year renewal options.
Situated at 1001 Philadelphia Ave in Ocean City, Maryland, the property provides an established medical-office setting in a coastal barrier-island market. Its existing occupancy, parking, signage areas, and defined lease provisions offer the principal physical and operational facts for evaluating the asset.
Situated at 1001 Philadelphia Ave in Ocean City, Maryland, the property provides an established medical-office setting in a coastal barrier-island market. Its existing occupancy, parking, signage areas, and defined lease provisions offer the principal physical and operational facts for evaluating the asset.
Key Highlights
- 5,833‑square‑foot medical office building
- 26 parking spaces on a 24,400‑square‑foot lot
- Tenant has occupied the property for 25+ years
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21842, MD
11,104
Population
32,684
Households
0.3
Avg Household Size
53
Median Age
39%
College-Educated
95%
High-School Grad
9.2 sq mi
ZIP Area
1,207
Density / Sq Mi
$75,372
Median Household Income
$40,189
Median Earnings
$1,258
Median Rent
$415,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established occupancy, on-site parking, signage areas, and NNN lease terms define this medical office asset.
Where is this medical office space located?
The property is located at 1001 Philadelphia Ave Ocean City, MD.
What are key features of this property?
This property features: 5,833‑square‑foot medical office building; 26 parking spaces on a 24,400‑square‑foot lot; Tenant has occupied the property for 25+ years
