For Lease
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Property summary
This exceptional 20,000-square-foot medical office building in Bel Air, MD, presents a rare investment opportunity. The property, constructed in 1986 and renovated in 2012, features two suites totaling 20,000 square feet, currently fully vacant. The minimum divisible space is 10,000 square feet, with a maximum contiguous space of 20,000 square feet. The building boasts a Class B rating, two stories, and an elevator. Situated on 1.22 acres of land, it includes ample parking with 70 spaces on-site and an additional 30 spaces in a rear lot. The building's zoning is B3. Its prime location in Bel Air offers high visibility, with 13,000 cars passing daily on Boulton Street and 42,000 cars daily on nearby Route 24. The property benefits from its proximity to national retailers, Harford Mall, new developments, and the University of Maryland Upper Chesapeake Medical Center. The building's design includes 15,000 square feet of clinic space and a 5,000-square-foot ambulatory surgical center. Numerous improvements have been made since 2015. This turnkey property offers a proven track record of medical success and is ideal for an end-user seeking to establish or expand their presence in the thriving Bel Air market. The property is available for sale or lease.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Ophthalmologist
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Ophthalmologist
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Health Care Facility
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
M-1 Industrial District. § 165-35 Permitted use tables. § 165-22 Purpose. A. This article establishes zoning districts within the incorporated boundary of Bel Air, Maryland, and outlines the associated standards and regu…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
M1 · Bel Air, MDM-1 Industrial District. § 165-35 Permitted use tables. § 165-22 Purpose. A. This article establishes zoning districts within the incorporated boundary of Bel Air, Maryland, and outlines the associated standards and regu…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
M-1 Industrial District. § 165-35 Permitted use tables. § 165-22 Purpose. A. This article establishes zoning districts within the incorporated boundary of Bel Air, Maryland, and outlines the associated standards and regu…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M1 in Bel Air, MD.
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Find the owner behind the property.
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