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Medical Office Space in Two Single-Story Buildings
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120 Speer Rd, Chestertown, MD 21620

Two single-story buildings in a medical office park offering former medical exam rooms and x-ray rooms with leaded walls.

Property Size2,533 SF
Days on Market151

Property Features for 120 Speer Rd

General Information

Standard status Active
Size 2,533 SF
Property subtype OFFICE
Listing Agency: MacKenzie Commercial Real Estate | Annapolis
Listed By: David McClatchy
Source: Moodyscre
Added: Mar 2 Changed: Jul 29 Last Checked: Jul 30 at 2:13PM

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 MacKenzie Commercial Real Estate | Annapolis

Investment Insights

Based on property information with market context.

This three-unit medical office property consists of two single-story buildings totaling approximately 9,604 SF in a well-established medical office park in Chestertown, Maryland. One building is fully occupied, and the other building has two available units, creating options for practices seeking space to launch, expand, or relocate. The available former medical space totals up to 5,432 SF.

Interior spaces are designed for clinical use and include patient waiting areas, offices, exam rooms, laboratories, nurses’ stations, and x-ray rooms with leaded walls. Additional supportive features include full bathrooms, restrooms, and a kitchenette and break room.

The setting is supported by a strong tenant base of established medical groups within the medical office park, providing a clinic-centric environment for prospective owner-users and healthcare operators.

Key Highlights

  • Two single‑story buildings totaling approximately 9,604 SF in a medical office park
  • Three‑unit property with one fully occupied building and another with two available units
  • Up to 5,432 SF of former medical space for compatible office use

Property Analytics

Current Use

Chestertown Cardiology Medical Clinic Drs. Shanahan & Ferguson ... Medical Clinic Patrick J. Shanahan, ... Pediatrician Andrew S. Ferguson, ... Pediatrician George Panas, M.D., ... Physician

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Bakery Garden Center (Bike/Boat/Book/etc) Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

530
Businesses Nearby
Under-served
Demand for This Use

Demographics for 21620, MD

12,726
Population
6,259
Households
2
Avg Household Size
46
Median Age
43%
College-Educated
93%
High-School Grad
118.7 sq mi
ZIP Area
107
Density / Sq Mi
$76,094
Median Household Income
$39,432
Median Earnings
$1,149
Median Rent
$318,700
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Similar Off Market Nearby

  • High Street Veterinary Practice — 841 High St, Chestertown, MD 21620

Frequently Asked Questions

What type of property is this?
Medical Office Space - Two single-story buildings in a medical office park offering former medical exam rooms and x-ray rooms with leaded walls.
Where is this medical office space located?
The property is located at 120 Speer Rd Chestertown, MD.
What are key features of this property?
This property features: Two single‑story buildings totaling approximately 9,604 SF in a medical office park; Three‑unit property with one fully occupied building and another with two available units; Up to 5,432 SF of former medical space for compatible office use
(410) 953-0366 Call to check price and availability
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