Leased Medical Office
For Sale
$450,000
1324 BELMONT Avenue, Salisbury, MD 21804
Commercial Sale, SALISBURY, MD
Property SizeContact for details
Lot Size0.05 Acres
Days on Market160
Property Features for 1324 BELMONT Avenue
General Information
Property type
Other
Property subtype
Office
Parking
60
Parking features
Parking Lot
Elementary school district
WICOMICO COUNTY PUBLIC SCHOOLS
Middle school district
WICOMICO COUNTY PUBLIC SCHOOLS
High school district
WICOMICO COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9224
Building Details
Year built
2006
Number of units
1
Building materials
Brick
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Trent M Spicer-Davis · License #5021302
(302) 745-7920
Added: Apr 17
Changed: Sep 5
Last Checked: Sep 23 at 5:06AM
MLS# MDWC2022528
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office suite is located in East Park Professional Park and is currently leased to Chesapeake Hearing Centers. The brick building was constructed in 2006 and includes several private offices, a large conference room, an open work area, and three separate entrances or exits. Remodeling is in progress, supporting medical or professional office use. On-site parking is provided in a parking lot.
The lease carries a five-year term with rent commencing in June 2026. The property is located at 1324 Belmont Avenue in Salisbury, Maryland, within Wicomico County. The offering includes a 7.34% cap rate and an in-place lease structure for an investor evaluating an occupied professional-office asset.
The lease carries a five-year term with rent commencing in June 2026. The property is located at 1324 Belmont Avenue in Salisbury, Maryland, within Wicomico County. The offering includes a 7.34% cap rate and an in-place lease structure for an investor evaluating an occupied professional-office asset.
Key Highlights
- Five‑year lease with rent commencing June 2026
- Leased to Chesapeake Hearing Centers
- 7.34% Cap Rate
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21804, MD
40,049
Population
16,736
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
68.6 sq mi
ZIP Area
584
Density / Sq Mi
$68,882
Median Household Income
$35,902
Median Earnings
$1,343
Median Rent
$230,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Remodeling is underway in a flexible suite with private offices, a conference room, and multiple access 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: Five‑year lease with rent commencing June 2026; Leased to Chesapeake Hearing Centers; 7.34% Cap Rate
